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    Golden Crossovers: These 3 stocks signal further bullishness

    Synopsis

    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 September 29.

    Golden Crossovers: These 3 stocks signal further bullishnessGetty Images
    In the NSE list of stocks with a market cap over Rs 500 crore, three stocks 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 September 29. Take a look:

    Igarashi Motors India CMP: Rs 429.4 | 50-Day SMA: Rs 374.29 | 200-Day SMA: Rs 372.65

    IgrashiET CONTRIBUTORS

    Indraprastha Medical Corporation CMP: Rs 63.25 | 50-Day SMA: Rs 66.03 | 200-Day SMA: Rs 65.94

    IndraprastaET CONTRIBUTORS

    Eris Lifesciences CMP: Rs 710.9 | 50-Day SMA: Rs 691.32 | 200-Day SMA: Rs 691.3

    ErisET CONTRIBUTORS



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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