Golden crossover in top smallcap stocks

resr 5paisa Research Team 12th December 2022 - 03:19 pm
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We have seen markets heading higher breaking every possible resistance. In this article, we would be discussing smallcap stocks witnessing golden crossover.

On Monday Asian indices got more cautious as the talk of yet going on for more sanctions against Russia as it invades the territory of Ukraine. MSCI's broadest index of Asia-Pacific shares excluding Japan declined around 0.1%. Japan's Nikkei traded flat, whereas S&P 500 futures and Nasdaq futures cooled off by 0.2% and 0.3%, respectively.

Brent crude futures were down by 0.3%, at USD 104.39 a barrel, while US West Texas Intermediate (WTI) crude futures ended one per cent lower at USD 99.27 per barrel.

In the week gone by, Nifty 50 recorded the second-best week in nearly seven months surging around 3.02% on weekly basis. We believe Nifty 50 could test the resistance at 18,100 to 18,400 levels this week. Market breadth could be better this week as midcap and smallcap stocks are gathering a lot of interest. On the decline, 17,750 would act as support.

In this article, we have listed the top 10 smallcap stocks that witnessed golden crossover. A golden crossover occurs when a short-term moving average crosses over a significant long-term moving average. When a 50-Day Moving Average (DMA) crosses a 200-Day Moving Average (DMA) from below it is referred to as a golden crossover.

Top S&P BSE Small-Cap Stocks with Golden Crossover 

Stocks 

Last Traded Price (Rs) 

Change (%) 

SMA 50 

SMA 200 

Crossover Date 

Andhra Paper Ltd. 

332.8 

2.3 

238.0 

236.0 

Mar 31, 2022 

MOIL Ltd. 

191.6 

1.0 

174.9 

174.3 

Mar 31, 2022 

Goa Carbons Ltd. 

529.5 

-0.7 

391.0 

382.7 

Mar 29, 2022 

Taj GVK Hotels & Resorts Ltd. 

163.2 

2.4 

137.1 

136.2 

Mar 29, 2022 

Symphony Ltd. 

1,147.9 

2.0 

1,020.1 

1,015.2 

Mar 24, 2022 

West Coast Paper Mills Ltd. 

348.6 

1.6 

265.6 

255.4 

Mar 22, 2022 

Mangalore Chemicals & Fertilizers Ltd. 

88.9 

1.0 

77.0 

75.5 

Mar 22, 2022 

Ratnamani Metals & Tubes Ltd. 

2,573.2 

0.5 

2,181.9 

2,111.2 

Mar 22, 2022 

Godawari Power & Ispat Ltd. 

399.7 

2.5 

335.2 

319.8 

Mar 21, 2022 

Diamines & Chemicals Ltd. 

296.0 

1.0 

278.2 

276.9 

Mar 17, 2022 

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