In the NSE list of stocks with a market capitalization of over Rs 1,000 crore, six stocks are currently witnessing Golden Crossovers, according to technical scan data from StockEdge.com.
A Golden Cross is a significant technical indicator of bullish momentum. It occurs when a short-term moving average crosses above a long-term moving average, typically indicating a potential upward trend. In this case, the 50-day simple moving averages (SMA) of the following stocks crossed above their respective 200-day SMAs on September 3: