Top stocks witnessing a golden crossover

Top stocks witnessing a golden crossover

by 5paisa Research Team Last Updated: Nov 19, 2021, 01:06 PM IST

Golden crossover is considered as a metric of a long-term trend reversal. Here is the list of top stocks witnessing golden crossover. 

Today the markets are closed on account of Guru Nanak Jayanti. However, yesterday on November 18, 2021, Nifty 50 tumbled 0.75% (133.85 points) and continued its southward journey that began at the start of the week. It continued its lower highs and lower lows formation on a 5-minute chart.

The golden crossover occurs when a short-term moving average breaches above a major long-term moving average. Typically, when 50-Day Simple Moving Average (SMA) crosses 200-Day SMA from below, then it is considered as a golden crossover. Few analysts use Exponential Moving Average (EMA) instead of SMA and few also consider 100-Day SMA instead of 200-Day SMA. Golden crossover usually suggests a probable long-term trend reversal. Though, this is not a full-proof indicator but can be a good start to screen stocks that are probably heading towards a trend reversal. This along with price action usually help investors invest in stocks with a long-term bias.

Golden crossover and death crossover are considered to be reasonable entry and exit points in stocks. 

Top Stocks witnessing Golden Crossover 

Stocks 

Last Traded Price (Rs) 

Change (%) 

SMA 50 

SMA 200 

Crossover Date 

TVS Motor Company Ltd. 

723.9 

-2.1% 

608.7 

596.9 

Nov 12, 2021 

Whirlpool of India Ltd. 

2,280.9 

-1.3% 

2,281.1 

2,241.7 

Nov 09, 2021 

Apollo Tyres Ltd. 

224.0 

-2.7% 

226.2 

225.2 

Nov 09, 2021 

Vodafone Idea Ltd. 

10.0 

0.0% 

10.3 

9.4 

Nov 03, 2021 

Maruti Suzuki India Ltd. 

8,117.2 

-1.9% 

7,365.4 

7,145.6 

Nov 03, 2021 

Honeywell Automation India Ltd. 

39,852.0 

-2.3% 

43,408.7 

42,886.6 

Nov 02, 2021 

Shriram Transport Finance Company Ltd. 

1,601.4 

-1.8% 

1,437.4 

1,390.7 

Nov 02, 2021 

Mahindra & Mahindra Financial Services Ltd. 

175.7 

-1.9% 

184.5 

175.5 

Nov 01, 2021 

 

SENSEX
54,252.53
503.27 (0.94%)
Nifty 50
16,170.15
144.35 (0.90%)
Nifty Bank
35,094.90
755.40 (2.20%)
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SENSEX
54,252.53
503.27 (0.94%)
Nifty 50
16,170.15
144.35 (0.90%)
Nifty Bank
35,094.90
755.40 (2.20%)

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