Golden Crossovers: These 2 stocks signal further bullishness

In the NSE list of stocks, 2 stocks with a market cap of over Rs 300 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. The 50-day simple moving averages (SMA) of these stocks crossed their 200-day SMAs on November 23, 2022. Take a look:

Sintercom India
CMP: Rs 111.65
50-day SMA: Rs 90.12
200-day SMA: Rs 89.83


Lupin
CMP: Rs 719.05
50-day SMA: Rs 694.74
200-day SMA: Rs 694.59