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
Adani Energy Solutions Ltd
A subsidiary of the Adani Group, Adani Energy Solutions focuses on providing integrated energy solutions. It is primarily involved in the generation, distribution, and transmission of electricity, with a strong presence in the renewable energy sector. The company plays a significant role in powering industries, cities, and infrastructure projects across India.
A bullish MACD crossover was observed in Adani Energy Solutions 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. It is known for its wide range of affordable generic medicines, spanning categories like antibiotics, cardiovascular, and dermatology products. The company’s commitment to high-quality and cost-effective healthcare solutions has earned it a strong place in both domestic and international markets.
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.
Petronet LNG Ltd
Petronet LNG is a key player in India’s natural gas sector, primarily focused on importing and distributing liquefied natural gas (LNG). The company operates the country’s largest LNG import terminal at Dahej, Gujarat. It is crucial in driving India’s energy transition by boosting natural gas usage in power generation and industrial sectors.
A bullish MACD crossover was observed in Petronet LNG 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.
Bata India Ltd
Bata India is one of the country’s largest footwear retailers, offering a wide range of shoes and accessories. With a strong retail presence, it is known for combining comfort, style, and affordability. Bata India is a well-recognised brand with a significant presence in both urban and rural markets.
A bullish MACD crossover was observed in Bata 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.
Action Construction Equipment Ltd
Action Construction Equipment is a leading manufacturer of construction and material handling equipment. The company produces a variety of machinery, including cranes, excavators, loaders, and concrete mixers. It serves industries such as construction, infrastructure, and mining, providing critical equipment for large-scale projects across India.
A bullish MACD crossover was observed in Action Construction Equipment 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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