Golden Crossovers: GM Breweries among 3 stocks signaling further bullishness

Ritesh Presswala, ETMarkets.com

Apr 12, 2024

​Bullish Signals

In the NSE list of stocks, three stocks with a market cap of over Rs 1000 crore are witnessing Golden Crossovers, according to stockedge.com's technical scan data.

​What is a Golden Cross?

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 April 10.

​Abans Holdings

CMP: Rs 432.05 | 50-Day SMA: Rs 313.1 | 200-Day SMA: Rs 311.62

​GM Breweries

CMP: Rs 767.3 | 50-Day SMA: Rs 649.89 | 200-Day SMA: Rs 649.31

​Saregama India

CMP: Rs 394.7 | 50-Day SMA: Rs 377.71 | 200-Day SMA: Rs 377.41

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