Stocks witnessing a golden crossover!
5paisa Research Team
13th January 2022 - 02:17 pm
Looking for stocks on the verge of a long-term trend reversal? Then check out this list of top stocks witnessing golden crossover.
Today, just five minutes after the opening bell Nifty 50 opened near the high that is 18,258.85 which led to its fall all the way to the level of 18,201.75 and finally closing at 18,238.75. Post this, the market did breach the high made in the first five minutes, but was not able to sustain the same and began to tumble making a day’s low of 18,163.8. Having said that, it is now struggling to breach the day’s high or even its open for that matter. At the time of writing the Nifty is trading near 18,208.04 level.
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 a stock.
|
Name |
Last Traded Price (Rs) |
Change (%) |
SMA 50 |
SMA 200 |
Crossover Date |
|
YES Bank Ltd. |
14.0 |
1.80% |
13.3 |
13.3 |
Jan 12, 2022 |
|
MOIL Ltd. |
172.3 |
-0.30% |
172.3 |
172.3 |
Jan 12, 2022 |
|
UPL Ltd. |
841.5 |
2.30% |
744.8 |
743.2 |
Jan 11, 2022 |
|
Greaves Cotton Ltd. |
228.8 |
3.70% |
149.8 |
144.6 |
Jan 05, 2022 |
|
Alok Industries Ltd. |
28.8 |
-0.90% |
23.9 |
23.4 |
Dec 31, 2021 |
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Tanushree Jaiswal
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