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, the 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
Gillette India Ltd
Gillette India Ltd, a subsidiary of Procter & Gamble (P&G), is a leading personal care company best known for its shaving and grooming products. Its popular brands include Gillette razors, Venus (for women), and Oral-B dental care products. The company has a strong presence in India’s male grooming segment.
A bullish MACD crossover was observed in Gillette India 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.
KNR Constructions Ltd
KNR Constructions Ltd is a Hyderabad-based infrastructure development company primarily engaged in the construction of roads, highways, and irrigation projects. It is known for executing projects under EPC and HAM models for government and private clients. The company has a solid track record of timely execution and strong order book visibility.
A bullish MACD crossover was observed in KNR Constructions 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.
Jubilant Pharmova Ltd
Jubilant Pharmova Ltd is a diversified pharmaceutical company engaged in contract research, manufacturing, and specialty pharmaceuticals. It operates through segments like Contract Research and Development Services (CRDS) and Radiopharma. With a global presence, the company caters to markets in the US, Europe, and India.
A bullish MACD crossover was observed in Jubilant Pharmova 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.
P I Industries Ltd
PI Industries Ltd is an agri-sciences company primarily involved in the manufacturing and distribution of agrochemicals, including pesticides and specialty chemicals. It also offers contract research and manufacturing services (CRAMS) to global clients. Its operations are both domestic and international, serving the agriculture and chemical industries.
A bullish MACD crossover was observed in P I Industries 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.
Hindustan Petroleum Corporation Ltd
HPCL is a state-owned oil and gas company and one of India’s major downstream petroleum firms. It is involved in refining, marketing, and distribution of petroleum products such as petrol, diesel, LPG, and lubricants. It operates multiple refineries and has a vast retail network across the country.
A bullish MACD crossover was observed in Hindustan Petroleum Corporation 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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