02/05/2018
Hi .. here I am sharing my personal Technical view on some stocks showing MACD indicator
Domestic stocks settled at a nearly 3-month high on Monday as strong corporate earnings and firm global cues gave risk appetite a lift.
The BSE Sensex closed up 191 points, or 0.55 per cent, at 35,160. NSE's Nifty gained 47 points, or 0.44 per cent, to finish at 10,739.
But a look at momentum indicator moving average convergence divergence, or MACD suggests bearish crossovers for 65 stocks on the NSE.
MACD is a tool used for identifying trend reversals.
Stocks that saw bearish crossovers included Nalco, MMTC, Eicher Motors, Glenmark Pharma, Shriram Transport Finance and Indraprastha Gas. Some of these have been witnessing strong volumes, lending credence to the emerging trend. Jammu & Kashmir Bank, Jindal Stainless, Havells India, Dollar Industries and Finolex Industries were among others with bearish crossovers.
MACD is a trend-following momentum indicator and is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the 'signal' line, is plotted on top of the MACD to reflect 'buy' or 'sell' opportunities.
When the MACD breaches below the signal line, it sends out a bearish signal on the charts, indicating that the price of the security may experience a downward movement, and vice versa.
MACD crossed below signal
However, MACD alone may not be sufficient to help one take an investment call. Traders should make use of other tools such as Relative Strength Index (RSI), Bollinger Bands, Fibonacci Series, candlestick patterns and stochastic to confirm such a trend.
Retail investors should consult financial experts before buying or selling a stock based on such technical indicators.
** Strictly maintained All Stop Losses
MAHESH KORE
MK PORTFOLIO
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91+ 9579797818
Stock List is below .