In the NSE list of stocks, five stocks with a market cap of over Rs 1000 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 May 25.
Metal stocks set for strong year as domestic demand strengthens: Dharmesh Kant
Despite U.S. rate cuts, IT sector growth remains subdued due to AI disruption, with midcap services firms offering better prospects. Aviation faces near-term pain from