These top stocks are experiencing a golden crossover; do you hold any?

These top stocks are experiencing a golden crossover; do you hold any?

Henil Shah
/ Categories: Trending, Mindshare

Do you want to look at long-term trend action? Nothing beats searching for a Golden Crossover. We have highlighted the best Nifty 500 stocks with a golden crossing in this post.

Major equity benchmark indices rose from their early lows in the morning trade, with the Nifty 50 trading above the 16,550 level. Except for the Nifty Consumer Durables index, all sectoral indices on the National Stock Exchange (NSE) were trading in the green. Foreign Institutional Investors (FIIs) improving sentiments helped Indian markets take a breather. Nevertheless, FIIs are still monthly net sellers.

 

The Nifty 50 index was trading at 16,546.50 at the time of writing, up 25.65 points (0.16 per cent). Broader market indices outpaced frontline indices, with the Nifty Mid-Cap index and the Nifty Small-Cap index rising by 0.98 per cent and 0.38 per cent, respectively.

 

When a short-term moving average crosses over a significant long-term moving average, this is referred to as the golden crossover. This generally happens when the 50-Day Moving Average (DMA) crosses the 200-Day Moving Average (DMA) from below.

 

Few investors use the Exponential Moving Average (EMA) instead of the Simple Moving Average (SMA), and even fewer use the 100 DMA instead of the 200 DMA. The golden crossing is regarded as a statistic that indicates the likelihood of a long-term trend reversal.

 

However, one should not base their investment decisions on this; rather, it should be used as a screening criterion to identify stocks that may be on the verge of a trend reversal.

 

When combined with price action, this can help you invest in companies with a long-term outlook. Golden crossover and death crossover are two methods for determining when to enter and exit a stock.

 

Top Nifty 500 Stocks with Golden Crossover

Stocks

Last Traded Price (Rs)

Change (%)

SMA 50

SMA 200

Crossover Date

Britannia Industries Ltd.

3,833.0

0.1

3,522.2

3,512.4

Jul 20, 2022

Abbott India Ltd.

20,000.0

-0.1

18,311.4

18,288.5

Jul 20, 2022

Hindustan Unilever Ltd.

2,611.4

0.3

2,314.8

2,296.5

Jul 18, 2022

MRF Ltd.

79,722.6

-0.1

73,121.7

72,663.0

Jul 18, 2022

Petronet LNG Ltd.

228.2

1.0

218.5

217.4

Jul 15, 2022

Hero MotoCorp Ltd.

2,840.5

0.5

2,664.7

2,580.4

Jul 05, 2022

NOCIL Ltd.

286.9

2.8

254.9

244.1

Jul 04, 2022

Asahi India Glass Ltd.

587.5

1.4

489.0

470.8

Jul 04, 2022

Previous Article Top 5 IPO performers in 2022
Next Article Back-to-back upper circuits are seen in this newly-listed stock that stands to gain from an increase in public spending; do you own it?
Rate this article:
3.8

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR