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
1. Tata Motors Ltd
Tata Motors Ltd, part of the Tata Group, is an Indian multinational automotive manufacturer headquartered in Mumbai. It produces a wide range of vehicles, including cars, trucks, buses, and defense vehicles. Known for its innovative designs, Tata Motors has a significant presence in both domestic and international markets, with brands like Jaguar Land Rover under it.
A bullish MACD crossover was observed in Tata Motors 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.
2. Dr Reddy’s Laboratories Ltd
Dr. Reddy’s Laboratories Ltd, established in 1984, is a global pharmaceutical company based in Hyderabad, India. It is engaged in the development, manufacture, and marketing of a wide range of generic medicines, active pharmaceutical ingredients (APIs), and biosimilars. It operates in numerous countries and is known for providing affordable medicines in therapeutic areas such as oncology, cardiology, and dermatology.
A bullish MACD crossover was observed in Dr Reddy’s Laboratories 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.
3. Adani Total Gas Ltd
Adani Total Gas Ltd, a part of the Adani Group, is a leading player in the natural gas distribution sector in India. It is involved in the city gas distribution (CGD) business, providing piped natural gas (PNG) to domestic, commercial, and industrial customers.
The company also operates compressed natural gas stations across various cities. It is at the forefront of promoting sustainable energy solutions and expanding the use of clean fuel in the country.
A bullish MACD crossover was observed in Adani Total Gas 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.
4. Indian Railway Catering & Tourism Corporation Ltd
Indian Railway Catering and Tourism Corporation (IRCTC) Ltd is a subsidiary of Indian Railways, responsible for providing catering, tourism, and online ticketing services. It has revolutionised train travel in India by offering easy and efficient online booking platforms and a range of travel-related services. It also operates luxury trains and facilitates pilgrimage tourism.
A bullish MACD crossover was observed in IRCTC 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
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
