Golden Crossovers: Asian Paints among 3 stocks signaling further bullishness
Ritesh Presswala, ETMarkets.com
Bullish Signals
In the Nifty500 pack, three stocks are witnessing Golden Crossovers, according to stockedge.com's technical scan data.
Image Source: ETMarkets.com
What is Golden Cross?
Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks' 50-day simple moving averages (SMA) crossed their 200-day SMAs on December 28.