Technical & Price Action
Stable FCF + Golden Crossover is a Technical & Price Action screen. It checks every NSE-listed stock against 2 conditions computed from nightly data, after excluding heavily pledged promoters and very small market caps. This page explains the rule, each figure and its source. It lists no stocks and is not advice.
Free cash flow consistency is among the most reliable indicators of business quality: a company that generates and grows free cash flow across multiple years is proving that its earnings are real, its capital allocation is disciplined, and its operating model is not dependent on external financing cycles. The golden crossover — when the 50-day moving average crosses above the 200-day moving average — is the most widely recognized technical signal for a medium-term trend reversal from bearish to bullish. Combining both signals creates a screener with a deliberate thesis: buy fundamentally cash-generative businesses at the technical inflection point where momentum is turning in their favor. Our fcf_yield and golden_crossover screens exist as independent signals; the intersection here is more selective and provides a coherent fundamental-technical combination that neither screen achieves alone.
A stock must satisfy every condition below. Conditions are grouped under the pillar they test.
FCF Quality and Consistency
Technical Trend Confirmation
Hard excludes
Ranked by Market Cap, highest first.
3-Year FCF Positive Streak (Boolean)
Binary indicator (1 or 0) set to 1 if free cash flow (operating cash flow minus capital expenditure, from FinEdge annual cash flow statement) was positive in each of the last three annual reporting periods.
The qualifier requires this to be 1. Three consecutive years of positive FCF is a stringent filter — many businesses in expansion phases have negative FCF in one or more years. Stocks that pass this filter are demonstrating consistent cash conversion rather than sporadic FCF events. This is the foundational quality gate of the combined screen.
High is better
FCF CAGR — 3 Years (%)
Compound annual growth rate of free cash flow over the most recent three annual periods, computed as (fcf_latest_annual / fcf_3yr_ago_annual) ^ (1/3) - 1, expressed as a percentage. FCF = operating cash flow - capital expenditure from FinEdge annual cash flow statements.
High is better
Golden Crossover Active (Boolean)
Binary indicator (1 or 0) set to 1 if the current 50-day simple moving average of closing prices is strictly greater than the current 200-day simple moving average of closing prices.
The qualifier requires this to be 1 — the golden crossover must be currently active, not historical. An active golden crossover means the medium-term trend (50 DMA) is above the long-term trend (200 DMA), indicating that recent price action has broken above the long-term baseline. Combined with the FCF quality filters, this technical condition provides the timing entry signal that the fundamental-only screen lacks.
High is better
Type hypothetical values to see which conditions they satisfy. These are not real stocks and nothing here is stored.
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We could not test this screen well enough with the data available yet.
We could not measure this screen well enough to say anything yet.
This screen depends on company financials, and we can only test price-based ideas so far, so it could not be measured.
Not yet testable — 0 of 6 points needed to chart a rolling information coefficient.
This is a historical, statistical measurement produced by FINOME TECHNOLOGIES PVT LTD's research harness on past data. It is not a prediction, and past results do not indicate future results. The universe is today's Nifty 500 constituents, so the sample is affected by survivorship bias. It describes how a screen's selections behaved in the past and does not constitute investment advice or a recommendation.
Rule version 1.0.0