Tuesday, February 7, 2012

What is Golden Cross? What is its Importance?


What is Golden Cross?

GOLDEN CROSS is when 50 DMA crosses 200 DMA from downside/or from upside then it is considered as a Golden Cross.

Importance Of Golden Cross:-

Golden Cross is considered to be of much importance by long term buyers(Investors) or sellers because its considered as a confirmation of bullish or bearish trend. It is considered to predict long term rally. One Should be cautious while taking decisions with this.

So Will Nifty make this Golden Cross as these both DMAs are coming nearer?

In US now a days there is a lot of hype is going on with this Golden Cross.


For Further Reading,
Trading Education, Trading Terms

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