These top stocks are experiencing a golden crossover; do you hold any?
Do you want to look at long-term trend action? Nothing beats searching for a Golden Crossover. We have highlighted the best Nifty 500 stocks with a golden crossing in this post.
Major equity benchmark indices rose from their early lows in the morning trade, with the Nifty 50 trading above the 16,550 level. Except for the Nifty Consumer Durables index, all sectoral indices on the National Stock Exchange (NSE) were trading in the green. Foreign Institutional Investors (FIIs) improving sentiments helped Indian markets take a breather. Nevertheless, FIIs are still monthly net sellers.
The Nifty 50 index was trading at 16,546.50 at the time of writing, up 25.65 points (0.16 per cent). Broader market indices outpaced frontline indices, with the Nifty Mid-Cap index and the Nifty Small-Cap index rising by 0.98 per cent and 0.38 per cent, respectively.
When a short-term moving average crosses over a significant long-term moving average, this is referred to as the golden crossover. This generally happens when the 50-Day Moving Average (DMA) crosses the 200-Day Moving Average (DMA) from below.
Few investors use the Exponential Moving Average (EMA) instead of the Simple Moving Average (SMA), and even fewer use the 100 DMA instead of the 200 DMA. The golden crossing is regarded as a statistic that indicates the likelihood of a long-term trend reversal.
However, one should not base their investment decisions on this; rather, it should be used as a screening criterion to identify stocks that may be on the verge of a trend reversal.
When combined with price action, this can help you invest in companies with a long-term outlook. Golden crossover and death crossover are two methods for determining when to enter and exit a stock.
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Top Nifty 500 Stocks with Golden Crossover
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Stocks
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Last Traded Price (Rs)
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Change (%)
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SMA 50
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SMA 200
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Crossover Date
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Britannia Industries Ltd.
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3,833.0
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0.1
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3,522.2
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3,512.4
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Jul 20, 2022
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Abbott India Ltd.
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20,000.0
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-0.1
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18,311.4
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18,288.5
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Jul 20, 2022
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Hindustan Unilever Ltd.
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2,611.4
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0.3
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2,314.8
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2,296.5
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Jul 18, 2022
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MRF Ltd.
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79,722.6
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-0.1
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73,121.7
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72,663.0
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Jul 18, 2022
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Petronet LNG Ltd.
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228.2
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1.0
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218.5
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217.4
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Jul 15, 2022
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Hero MotoCorp Ltd.
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2,840.5
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0.5
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2,664.7
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2,580.4
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Jul 05, 2022
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NOCIL Ltd.
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286.9
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2.8
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254.9
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244.1
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Jul 04, 2022
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Asahi India Glass Ltd.
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587.5
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1.4
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489.0
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470.8
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Jul 04, 2022
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