The MACD (Moving Average Convergence Divergence) is a technical analysis tool that shows the relationship between two moving averages of a stock’s price, typically the 12-day and 26-day EMAs. It consists of the MACD line, Signal line, and a histogram, helping identify trends and momentum.
This part of the indicator shows how strong the price movement is and can give an early warning to prepare for a change. The higher or deeper the lines, the stronger the price movement.
When the lines are above the zero horizontal, the market can be said to be bullish, and when they are below, we are in bearish mode. A MACD crossover occurs when the MACD line crosses above (bullish) or below (bearish) the Signal line, signalling potential buy or sell opportunities based on trend changes.
List of Stocks with MACD Crossover to look out for
Inox Wind Ltd
Inox Wind Ltd is a prominent Indian company engaged in the manufacturing and installation of wind turbines and wind energy solutions. It is part of the Inox Group and focuses on renewable energy to promote sustainable power generation. The company designs, manufactures, and services wind turbines, contributing significantly to India’s renewable energy capacity.
A bullish MACD crossover was observed in Inox Wind as the MACD line crossed above the signal line, signalling potential upward momentum. This technical pattern is considered a buy signal and may indicate the start of a new uptrend, prompting traders to be optimistic or consider entering a long position.
Mankind Pharma Ltd
Mankind Pharma is one of India’s leading pharmaceutical companies, known for manufacturing and marketing a wide range of healthcare products, including generic medicines, OTC products, and nutraceuticals. It operates in multiple therapeutic segments such as dermatology, cardiology, and gastroenterology.
A bullish MACD crossover was observed in Mankind Pharma as the MACD line crossed above the signal line, signalling potential upward momentum. This technical pattern is considered a buy signal and may indicate the start of a new uptrend, prompting traders to be optimistic or consider entering a long position.
TCPL Packaging Ltd
TCPL Packaging Ltd is a leading player in the flexible packaging industry in India. It specialises in manufacturing multi-layered packaging films used for food, pharmaceuticals, and consumer products. The company is known for its innovative packaging solutions that help extend shelf life and ensure product safety, catering to both domestic and international markets.
A bullish MACD crossover was observed in TCPL Packaging as the MACD line crossed above the signal line, signalling potential upward momentum. This technical pattern is considered a buy signal and may indicate the start of a new uptrend, prompting traders to be optimistic or consider entering a long position.
Azad Engineering Ltd
Azad Engineering Ltd is an Indian company involved in the engineering and manufacturing sector, specialising in construction equipment and material handling solutions. It provides products and services to industries such as construction, mining, and infrastructure. The company emphasises innovation and quality in delivering machinery and equipment to meet industrial demands.
A bullish MACD crossover was observed in Azad Engineering as the MACD line crossed above the signal line, signalling potential upward momentum. This technical pattern is considered a buy signal and may indicate the start of a new uptrend, prompting traders to be optimistic or consider entering a long position.
Written by Sridhar J
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