Nifty 500 Index: Top stocks experiencing a golden crossover

Are you looking for stocks that are on the cusp of a long-term trend reversal? Then have a look at this list of top stocks that have had a golden crossover.

The Nifty 50 began around the high of 18,259 today, then fell to 18,202 before ending at 18,239. Following this, the market breached the high set in the first five minutes, but was unable to hold it and continued to fall, reaching a day's low of 18,164. That being said, it is presently fighting to break through the day's high, or even it's open. The index is trading at the 18,208 level at the time of writing.  

When a short-term moving average crosses over a large long-term moving average, this is referred to as the golden crossover. A golden crossing occurs when the 50-day Simple Moving Average (SMA) crosses the 200-day SMA from below. Few experts employ the Exponential Moving Average (EMA) instead of the Simple Moving Average (SMA), and even fewer use the 100-day SMA instead of the 200-day SMA.  

A golden crossing generally indicates the possibility of a long-term trend reversal. Although this is not a foolproof indication, it may be a decent starting point for screening stocks that are likely to see a trend reversal. This, together with price action, typically aids investors in making long-term investments in equities. The golden and death crossovers are seen as appropriate entry and exit points in a stock.  

The following is a list of the top Nifty 500 stocks that have had a golden crossover.