A golden crossover is used in technical analysis of financial markets to describe a bullish move that occurs when a shorter-term moving average crosses above a longer-term moving average.
The most common moving averages used are the 50-day moving average (short-term) and the 200-day moving average (long-term). This crossover is considered a positive signal, indicating potential upward momentum in the asset’s price.
A golden crossover happens when a shorter-term moving average, the 50-day, crosses above a longer-term moving average, such as the 200-day. This pattern indicates a shift toward upward price momentum and is often considered a signal to buy. It is widely regarded as a positive indicator of future price growth.
List of Stocks with Golden Crossover is listed below
Manappuram Finance Ltd
Manappuram Finance Ltd is a leading non-banking financial company (NBFC) in India, specializing in gold loans, microfinance, and other financial products. It offers a wide range of financial services to individuals and small businesses across the country.
The golden crossover happened recently at a price of Rs. 188.37 with strong trading volume of 39.51 million. The stock is now trading at Rs. 208.34, showing a 9 percent rise since the crossover.
Bajaj Finserv Limited
Bajaj Finserv Limited is a financial services company offering a variety of products such as insurance, asset management, consumer finance, and lending. It is part of the Bajaj Group and has a strong presence in the Indian financial sector.
The golden crossover happened recently at a price of Rs. 1,680.29 with decent trading volume of 1.75 million. The stock is now trading at Rs. 1,840.35, showing a 3 percent rise since the crossover.
Kamat Hotels Limited
Kamat Hotels Limited is a hospitality company that owns and operates hotels and restaurants across India. It is known for offering a range of services in the tourism and hospitality industry, including budget and mid-range hotels.
The golden crossover happened recently at a price of Rs. 224.86 with decent trading volume of 823.4 K. The stock is now trading at Rs. 310.70, showing a 13 percent rise since the crossover.
Written by Sridhar J
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