Technical Analysis of Indian Equities by Nooresh

Nifty Golden Cross – Does it Work ?

We have seen a lot of articles on the Golden Cross on various media.

Let us quickly look at how the Nifty movements have been in the last 10-12 years post Golden Cross.

Conclusion - Its a very late indicator but may sometimes give real long term trend changes. Tough to use it as a decision system. The whipsaws hurt real bad.  I would rather prefer looking at price patterns.

This is a quick video. Do put in your comments. Maybe next time would try to put it on Dow Jones/ S&P 500

Article by Nooresh Merani

Nooresh has written 2581 articles.

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