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    Golden Crossovers: These 2 infra stocks signal further bullishness

    Synopsis

    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 November 25, 2022.

    Golden Crossovers: These 2 infra stocks signal further bullishnessiStock
    In the BSE list of stocks, two Infrastructure stocks with a market cap of over Rs 10,000 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 November 25, 2022. Take a look:


    1. IRB Infrastructure Developers
    CMP: Rs 249.9
    50-day SMA: Rs 231.8
    200-day SMA: Rs 231.37

    IRB Infra Nov25ET CONTRIBUTORS

    2. GMR Airports Infrastructure
    CMP: Rs 40.7
    50-day SMA: Rs 36.87
    200-day SMA: Rs 36.86

    GMR InfraET 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
    The Economic Times

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