Several stocks appeared on the Golden Cross screener on Monday, indicating improving technical momentum as their 50-day moving average crossed above or moved closer to the 200-day moving average — a pattern often tracked by traders for potential bullish trends.
Among the key names on the list were Marksans Pharma, Sambhv Steel Tubes and Waaree Energies.
Marksans Pharma gained over 3% to trade around ₹218.5. The stock’s 50-DMA stood at 182.77, slightly above its 200-DMA of 182.29, reflecting strengthening upward momentum. The stock has also rallied sharply in recent sessions amid continued buying interest in pharma counters.
Sambhv Steel Tubes rose nearly 3% to ₹109.5. Its 50-day moving average was recorded at 108.07 against a 200-day moving average of 107.75, indicating a fresh bullish crossover.
Waaree Energies also featured on the screener, though the stock traded marginally lower during the session. The stock hovered near ₹3,002, while its 50-DMA and 200-DMA stood at 3,125.18 and 3,122.05 respectively.
Meanwhile, Premier Energies remained in focus despite mild weakness in the stock price. Traders are closely watching renewable energy counters amid continued interest in the solar manufacturing theme.
A Golden Cross is considered a bullish technical indicator that occurs when a stock’s short-term moving average crosses above its long-term moving average, often signalling improving market sentiment and possible trend continuation.
Disclaimer: The article is for informational purposes only and should not be considered as investment advice.