In the Nifty500 pack, 10 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 a short-term moving average crosses over a major long-term moving average on the upside. These stocks’ 50-day simple moving averages (SMA) crossed their 200-day SMAs on September 12. Take a look:
Nifty 50 Outperformers: Top stocks that gained over 80% in FY24
Benchmark equity indices ended on a buoyant note on the last trading day of the financial year 2023-24 against the backdrop of a positive trend