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, signaling potential buy or sell opportunities based on trend changes.
List of Stocks with MACD Crossover to look out for
1. Zydus Lifesciences Ltd
Zydus Lifesciences, formerly Cadila Healthcare, is a leading Indian multinational pharmaceutical company headquartered in Ahmedabad. It is ranked among the top five in India’s pharmaceutical industry, with a strong global presence and a broad product portfolio covering generics, biosimilars, vaccines, APIs, and consumer wellness products.
A bearish MACD crossover was seen in Zydus Lifesciences Ltd as the MACD line crossed below the signal line, signaling potential downward momentum. This technical pattern is considered a sell signal and may indicate the start of a new downtrend, prompting traders to be cautious or consider exiting long positions.
2. SignatureGlobal India Ltd
SignatureGlobal India is a prominent real estate developer based in Delhi-NCR, specializing in affordable and mid-segment residential projects. The company is recognized for its large-scale integrated townships and has grown rapidly in the Indian real estate sector.
A bearish MACD crossover was seen in SignatureGlobal India Ltd as the MACD line crossed below the signal line, signaling potential downward momentum. This technical pattern is considered a sell signal and may indicate the start of a new downtrend, prompting traders to be cautious or consider exiting long positions.
3. Gujarat Mineral Development Corporation Ltd
GMDC is a state-owned mining and mineral exploration company based in Gujarat. It is primarily involved in the mining of lignite, bauxite, and other industrial minerals, and plays a key role in supporting Gujarat’s industrial and energy sectors.
A bearish MACD crossover was seen in Gujarat Mineral Development Corporation Ltd as the MACD line crossed below the signal line, signaling potential downward momentum. This technical pattern is considered a sell signal and may indicate the start of a new downtrend, prompting traders to be cautious or consider exiting long positions.
4. Hindustan Zinc Ltd
Hindustan Zinc is India’s largest and the world’s second-largest integrated zinc-lead producer. The company operates mines and smelters across Rajasthan and is a subsidiary of Vedanta Resources, contributing significantly to India’s non-ferrous metals industry.
A bearish MACD crossover was seen in Hindustan Zinc Ltd as the MACD line crossed below the signal line, signaling potential downward momentum. This technical pattern is considered a sell signal and may indicate the start of a new downtrend, prompting traders to be cautious or consider exiting long positions.
Written By Sridhar J
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