Golden Crossovers: These 5 stocks signal further bullishness

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Bullish signals

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In the NSE list of stocks, five stocks with a market cap of over Rs 500 crore have been 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. The 50-day simple moving averages (SMA) of these stocks crossed their 200-day SMAs on January 11. Take a look:"

Orient Green Power Company

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CMP: Rs 11.15 | 50-day SMA: Rs 9.8 | 200-day SMA: Rs 9.73

PTC India

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CMP: Rs 96.3 | 50-day SMA: Rs 82.97 | 200-day SMA: Rs 82.65

Indian Oil Corporation

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CMP: Rs 83.55 | 50-day SMA: Rs 74.7 | 200-day SMA: Rs 74.52

Moil

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CMP: Rs 172.4| 50-day SMA: Rs 161.57 | 200-day SMA: Rs 161.27

Creative Newtech

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CMP: Rs 522.4| 50-day SMA: Rs 529.87 | 200-day SMA: Rs 528.93

Sigachi Industries

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CMP: Rs 275.15| 50-day SMA: Rs 275.38 | 200-day SMA: Rs 274.98