Stocks having a golden crossover in October 2021
5paisa Research Team
10th December 2022 - 06:59 pm
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 |
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Tanushree Jaiswal
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