Golden Crossovers: These 5 stocks signal bullishness on July 5

Ritesh Presswala, ETMarkets.com

Jul 5, 2024

Bullish Signs

In the NSE list of stocks, five stocks with a market cap of over Rs 1000 crore are witnessing Golden Crossovers, according to stockedge.com's technical scan data. 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 July 4.

Image Source: ETMarkets.com

Deepak Fertilisers And Petrochemicals Corporation

CMP: Rs 749.85 | 50-Day SMA: Rs 600.85 | 200-Day SMA: Rs 598.43

Image Source: ETMarkets.com

Ion Exchange (India)

CMP: Rs 659.95 | 50-Day SMA: Rs 538.36 | 200-Day SMA: Rs 537.49

Image Source: ETMarkets.com

Tata Communications

CMP: Rs 1876.3 | 50-Day SMA: Rs 1802.95 | 200-Day SMA: Rs 1801.08

Image Source: ETMarkets.com

Cyient DLM

CMP: Rs 775 | 50-Day SMA: Rs 689.71 | 200-Day SMA: Rs 689.28

Image Source: ETMarkets.com

Steelcast

CMP: Rs 673.45 | 50-Day SMA: Rs 652.09 | 200-Day SMA: Rs 652.03

Image Source: ETMarkets.com

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