BSE, ICICI Securities among 10 stocks with Golden Crossover patterns. Know what it signifies?

The Golden Crossover pattern is a powerful signal that can indicate a potential shift in the stock's trajectory. It is a bullish technical pattern that occurs when a stock's short-term moving average crosses above its long-term moving average. Specifically, it refers to the 50-day moving average crossing above the 200-day moving average. This pattern suggests a shift in momentum, indicating a potential uptrend and signaling a buying opportunity for investors.

In this article, we will delve into stocks that have recently witnessed the Golden Crossover. ETMarkets has handpicked 10 stocks from the list of 21 stocks reported by Trendlyne on June 30, Friday, that have experienced the formation of this pattern.

Investors should note that the current market prices may not reflect the exact closing prices, as updates on Trendlyne may come with a lag.

The pattern helps investors identify potential entry points and validate the strength of a stock's upward momentum. The Golden Crossover can act as a confirmation signal for trend reversals or continued upward movement, supporting investors in making informed decisions.

1) BSE
Current Price: Rs 608.6
50-Day SMA: Rs 542.8
200-Day SMA: Rs 541

2) Graphite India
Current Price: Rs 400.2
50-Day SMA: Rs 348.1
200-Day SMA: Rs 347.4

3) HLE Glasscoat
Current Price: Rs 648.6
50-Day SMA: Rs 628.9
200-Day SMA: Rs 627.3

4) Honeywell Automation India
Current Price: Rs 41,679
50-Day SMA: Rs 39,132.9
200-Day SMA: Rs 39,066.3

5) ICICI Lombard General Insurance Company
Current Price: Rs 1,344.4
50-Day SMA: Rs 1,160.6
200-Day SMA: Rs 1,159.3

6) ICICI Securities
Current Price: Rs 608.4
50-Day SMA: Rs 499
200-Day SMA: Rs 498.4

7) IRIS Business Services
Current Price: Rs 76.2
50-Day SMA: Rs 78.6
200-Day SMA: Rs 78.6

8) Kritika Wires
Current Price: Rs 16.5
50-Day SMA: Rs 15.6
200-Day SMA: Rs 15.6

9) Multi Commodity Exchange of India
Current Price: Rs 1,500.4
50-Day SMA: Rs 1,458.7
200-Day SMA: Rs 1,457.7

10) Munjal Auto Industries
Current Price: Rs 52
50-Day SMA: Rs 47.5
200-Day SMA: Rs

(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)