3 stocks likely to get on a hot streak

Historically traders have been using moving averages to generate buy and sell signals on stocks. Moving averages are often used in trending markets where the best trading opportunities are obtained as compared to the sideways market wherein whipsaws or false signals are generated.

Buy/Sell signals based on a crossover:A buy signal is generated when a bullish crossover occurs i.e. the short term moving average crosses the long-term moving average, popularly referred to as a golden cross. For example, when the 89-day EMA crosses above the 200-day EMA, a bullish trade can be initiated.

Price
89 Period EMA
Action /View
Technical Term
Trading Above 200EMA
Crosses above 200EMA
Bullish
Golden cross
Stocks
89day EMA
200day EMA
Crossover
Tata Power
80.40
80.70
Golden cross
IDFC Limited
58.60
60.10
Golden cross
JSW Energy
72.80
74
Golden cross

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