For investors and traders seeking to make informed decisions in the stock market, understanding technical indicators and patterns is essential. One such pattern that can offer valuable insights into stock movements is the Golden Crossover. On September 15, Friday, Trendlyne reported that more than 40 Nifty stocks have witnessed the formation of the Golden Crossover pattern. The Golden Crossover is a powerful technical pattern that occurs when a stock’s short-term moving average crosses above its long-term moving average. Typically, this involves the 50-day Simple Moving Average (SMA) crossing above the 200-day SMA. This event is considered bullish and often signals a potential upward trend in the stock’s price.

Here are 10 Nifty stocks that have shown the Golden Crossover pattern:
1) NTPC Ltd. (NSE: NTPC) – 50-Day SMA: 213.8, 200-Day SMA: 183.7
2) Nestle India Ltd. (NSE: NESTLEIND) – 50-Day SMA: 22382.6, 200-Day SMA: 20830.9
3) Oil And Natural Gas Corporation Ltd. (NSE: ONGC) – 50-Day SMA: 174.6, 200-Day SMA: 158.6
4) Power Grid Corporation of India Ltd. (NSE: POWERGRID) – 50-Day SMA: 187.2, 200-Day SMA: 174.6
5) Reliance Industries Ltd. (NSE: RELIANCE) – 50-Day SMA: 2543.3, 200-Day SMA: 2474
6) SBI Life Insurance Company Ltd. (NSE: SBILIFE) – 50-Day SMA: 1306, 200-Day SMA: 1224.7
7) State Bank of India (NSE: SBIN) – 50-Day SMA: 586.3, 200-Day SMA: 572.6
8) Sun Pharmaceutical Industries Ltd. (NSE: SUNPHARMA) – 50-Day SMA: 1116.8, 200-Day SMA: 1024.3
9) Tata Consultancy Services Ltd. (NSE: TCS) – 50-Day SMA: 3418.1, 200-Day SMA: 3325.8
10) Tata Consumer Products Ltd. (NSE: TATACONSUM) – 50-Day SMA: 850.6, 200-Day SMA: 785.6

It’s important for investors to consider the Golden Crossover pattern as it can provide useful insights into potential upward trends in stock prices. However, it’s also essential to conduct further research and analysis before making investment decisions.

(This is an AI-generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)