Top Nifty 500 stocks with golden crossover

Want to check long-term trend action? Nothing better than looking for a Golden Crossover. In this article, we have listed the top Nifty 500 stocks with golden crossover.

On November 18, 2021, Nifty 50 declined around 0.75 per cent (133.85 points) Moreover, it continued its journey of lower highs and lower lows in a 5-minutes time frame. Today the markets are closed on account of Guru Nanak Jayanti.  

The golden crossover is witnessed when a short-term moving average crosses above a major long-term moving average. This usually occurs when a 50-Day Moving Average (DMA) crosses 200 DMA from below. There are few investors that use Exponential Moving Average (EMA) instead of Simple Moving Average (SMA) and few of them also use 100 DMA instead of 200 DMA. Golden crossover is considered to be a metric suggesting a probable long-term trend reversal. Having said that, one should not base their investment decisions on this, rather it should be used as a parameter to screen stocks that might be heading towards a trend reversal. If you use this along with price action, it would help you invest in stocks with a long-term bias.   

Golden crossover and death crossover are considered to be one of the ways to decide an entry and exit in a stock.