Search for:
  • Home/
  • Economy/
  • golden crossover: LTIMindtree, Maruti among 10 Nifty stocks with golden crossover pattern

golden crossover: LTIMindtree, Maruti among 10 Nifty stocks with golden crossover pattern

In the ever-evolving landscape of stock trading, one term has been making waves – the “Golden Crossover.” On September 12, Tuesday, Trendlyne reported an intriguing development: more than 40 Nifty stocks had witnessed the Golden Crossover pattern. In collaboration with ETMarkets, we’ve sifted through the data and identified 10 standout stocks to keep a close eye on. Join us as we unravel the mysteries of the Golden Crossover and its significance in shaping investment strategies.

At its core, the Golden Crossover is a technical analysis pattern that signals a potential shift in market sentiment. This occurs when a stock’s short-term moving average (typically the 50-day moving average) crosses above its long-term moving average (usually the 200-day moving average). This crossing of lines represents a transition from a bearish to a bullish trend.

10 Nifty Stocks Riding the Golden Wave

Now, let’s delve into the 10 Nifty stocks that have recently experienced the Golden Crossover:

1) LTIMindtree Ltd. (NSE: MINDTREE) – 50Day SMA: ₹5100.1

2) Larsen & Toubro Ltd. (NSE: LT) – 50Day SMA: ₹2620.5

3) Mahindra & Mahindra Ltd. (NSE: M&M) – 50Day SMA: ₹1537.24) Maruti Suzuki India Ltd. (NSE: MARUTI) – 50Day SMA: ₹9737.2

5) NTPC Ltd. (NSE: NTPC) – 50Day SMA: ₹211.2

6) Nestle India Ltd. (NSE: NESTLEIND) – 50Day SMA: ₹22406.3

7) Oil And Natural Gas Corporation Ltd. (NSE: ONGC) – 50Day SMA: ₹173.3

8) Power Grid Corporation of India Ltd. (NSE: POWERGRID) – 50Day SMA: ₹249.2

9) Reliance Industries Ltd. (NSE: RELIANCE) – 50Day SMA: ₹2552.2

10) SBI Life Insurance Company Ltd. (NSE: SBILIFE) – 50Day SMA: ₹1302.7

(Disclaimer: This is an AI generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Top Trending Stocks: Sensex Today Live, SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

Source link