In a terrible market, these companies are exhibiting a golden cross
![In a terrible market, these companies are exhibiting a golden cross In a terrible market, these companies are exhibiting a golden cross](https://storage.googleapis.com/5paisa-prod-storage/files/2022-06/Image_72-800-417-p-L-100_0.jpg)
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Last Updated: 11th December 2022 - 01:25 am
Markets have been trading range-bound with negative bias. However, regardless of the same, there are some stocks that attained golden crossover. read on to find out more.
After the huge gap down opening on June 13, Nifty 50 futures have been trading range-bound between 15,700 to 15,850 levels. It did witness a good opening at 15,820 levels but gave up all its initial gains.
At the time of writing, Nifty 50 futures were trading near 15,750 levels with an intraday high of 15,865 and low of 15,706. Said that, a negative move from these levels cannot be ignored. Hence, it is crucial to watch out for 15,700 levels for Nifty 50 futures.
That being said, despite such a bearish tone of the market, there are pockets that are showing positive signs. We have identified a few stocks that have attained 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.
Name |
LTP (Rs) |
Change (%) |
SMA 50 |
SMA 200 |
Crossover Date |
151.9 |
0.3 |
151.6 |
150.7 |
Jun 09, 2022 |
|
136.6 |
1.5 |
129.8 |
128.6 |
Jun 09, 2022 |
|
2,089.1 |
-1.2 |
1,919.7 |
1,874.2 |
Jun 08, 2022 |
|
70.8 |
0.0 |
79.8 |
79.7 |
May 26, 2022 |
|
7,994.4 |
1.8 |
7,682.4 |
7,624.9 |
May 23, 2022 |
|
1,162.0 |
-0.8 |
1,188.2 |
1,147.9 |
May 20, 2022 |
|
1,507.3 |
-0.6 |
1,574.8 |
1,539.4 |
May 18, 2022 |
|
179.1 |
0.8 |
176.4 |
168.1 |
May 17, 2022 |
|
1,028.6 |
0.3 |
930.1 |
856.8 |
May 17, 2022 |
|
3,678.8 |
-0.5 |
3,737.4 |
3,604.1 |
May 11, 2022 |
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