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
Grasim Limited
Grasim Limited is a leading Indian conglomerate and a flagship company of the Aditya Birla Group. It is a global producer of cellulosic fibres, diversified chemicals, and a major fashion yarn and fabrics producer in India. Grasim is known for its strong legacy, innovation-driven growth, and a significant presence across multiple sectors, including cement, textiles, and chemicals, making it one of the largest and most diversified companies in the country.
A bullish MACD crossover was observed in Grasim Limited as the MACD line crossed above the signal line, signaling 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 long positions.
NTPC Limited
NTPC Limited, formerly known as National Thermal Power Corporation, is India’s largest energy conglomerate with roots in power generation. It is a government-owned enterprise responsible for generating and selling electricity to state-owned power distribution companies and State Electricity Boards in India. NTPC has diversified into various energy sources, including thermal, hydro, solar, and wind.
A bullish MACD crossover was observed in NTPC Limited as the MACD line crossed above the signal line, signaling 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 long positions.
Eicher Motors Limited
Eicher Motors Limited is a prominent Indian multinational automotive company, headquartered in New Delhi. It is best known as the parent company of Royal Enfield, which manufactures iconic middleweight motorcycles. Eicher also produces a range of trucks and buses through its joint venture with Volvo Group, VE Commercial Vehicles (VECV).
A bullish MACD crossover was observed in Eicher Motors Limited as the MACD line crossed above the signal line, signaling 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 long positions.
Written by Sridhar J
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