'Golden Cross' on 7 Nifty 500 stocks hints positive bias; take a look

A successful Golden Cross not only changes the stock sentiment but adds to the immediate trading strategies. One may look at going long, considering 10-15 days as trading sessions, as per charts.

A Golden Cross is said to occur when a short-term moving average crosses above the longer-term moving average. The significance shows bullishness, as trend reverses suggesting stocks rallying towards new highs. 
 

Majorly, a short-term moving average is 50-days and longer-term is 200-days. It has been identified on various charts that if any security manages to hold or stabilize above the crossover price, then can see a jump of 5 per cent to 7 per cent. 
 

Moreover, the moving averages are considered as support levels and if breached on the lower side, then one can