Eight Nifty Stocks are witnessing Golden Cross, shows ACE Equity 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. Moneycontrol analysis shows there are eight stocks in Nifty 50 whose 50-day moving average (DMA) is above their 200-DMA. Interestingly, all these stocks have seen at least 20 percent up move in the last three months, barring HUL, which gained only 7 percent.
2/9
Bharti Airtel | current market price (CMP): Rs 560.80, 50-DMA: Rs 535.71, 200-DMA: Rs 460.24. In the last 3-months, the share price has gained 32 percent.
3/9
Britannia Industries | CMP: Rs 3,407.10, 50-DMA: Rs 3,130.77, 200-DMA: Rs 3,032.33. In the last 3-months, the share price surged 36 percent.
4/9
Cipla | CMP: Rs 641.55, 50-DMA: Rs 604.17, 200-DMA: Rs 488.89. In the last 3-months, the share price has surged 66 percent.
