Stocks having a golden crossover in October 2021

Stocks having a golden crossover in October 2021

by 5paisa Research Team Last Updated: Apr 04, 2022, 02:03 PM IST

 Nifty 50 had its golden crossover in November 2020. Here is the list of stocks having golden crossover this month.

In October 2021, Nifty 50 saw a good jump of around 6.6% to start the month. However, in the second innings of the month, Nifty 50 washed away almost 50% of the gain that it made in October 2021.

It was sectoral indices that had a good play in the month of October 2021. Sectors such as power, PSU (Public Sector Undertaking) and Banks were among the top sectors bagging double-digit returns. In fact, in the last three months, power, PSU and Banking sectors gave returns close to 28%, 15% and 20%, respectively.

That said, from an investment point of view, a golden crossover is one such chart pattern that is widely used by many investors. This is referred to as a bullish breakout pattern which is formed when a relatively short-term moving average breaches a long-term moving average from below. The short-term and long-term moving average would depend on different traders and investors. But usually, as a thumb rule, the cross is considered golden when a 50 Day Moving Average crosses 200 Day Moving Average from below. Here is the list of stocks that had a golden crossover this month.

Name  

Last Traded Price  

Per cent Change  

SMA 50  

SMA 200  

Crossover Date  

Mahindra & Mahindra Ltd.  

891.0  

0.4  

805.5  

803.1  

Oct 21, 2021  

Punjab National Bank  

45.4  

3.3  

39.0  

38.9  

Oct 19, 2021  

Indus Towers Ltd.  

293.8  

-2.7  

262.6  

251.0  

Oct 11, 2021  

Karnataka Bank Ltd.  

69.8  

1.5  

65.1  

64.0  

Oct 08, 2021  

Blue Star Ltd.  

917.0  

2.0  

847.8  

841.3  

Oct 08, 2021  

Kotak Mahindra Bank Ltd.  

2,164.4  

-0.3  

1,895.1  

1,828.6  

Oct 06, 2021  

Bosch Ltd.  

16,650.0  

-1.7  

15,291.4  

14,985.5  

Oct 06, 2021  

NLC India Ltd.  

65.3  

2.7  

58.3  

56.3  

Oct 05, 2021 

 

SENSEX
54,884.66
632.13 (1.17%)
Nifty 50
16,352.45
182.30 (1.13%)
Nifty Bank
35,613.30
518.40 (1.48%)
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SENSEX
54,884.66
632.13 (1.17%)
Nifty 50
16,352.45
182.30 (1.13%)
Nifty Bank
35,613.30
518.40 (1.48%)

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