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Reputation: 642,817  •  Jul 19, 2023 8:56 AM
Axis Bank, Britannia Industries among 10 Nifty50 stocks with Golden Crossover pattern. Know what it signifies?
Axis Bank, Britannia Industries among 10 Nifty50 stocks with Golden Crossover pattern. Know what it signifies?
The Golden Crossover is a key technical pattern that occurs when a stock's short-term moving average crosses above its long-term moving average. The most commonly used moving averages in this context are the 50-day simple moving average (SMA) and the 200-day SMA. When the 50-day SMA crosses above the 200-day SMA, it forms the Golden Crossover. This pattern is considered bullish as it suggests a potential upward trend in the stock's price.
The Economic Times

https://economictimes.indiatimes.com/markets/stocks/news/...
#BRITANNIA #ASIANPAINT #BHARTIARTL #COALINDIA #APOLLOHOSP

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NSE:BRITANNIA price when posted: 5,065.8
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