​Time to buy? 4 largecaps may offer solid gains as MACD crosses above signal line​

MACD is a momentum indicator that helps to know the relationship between the two moving averages of prices. The MACD is calculated by taking the difference between the 26-day EMA from the 12-day EMA. On the other hand, a 9-day EMA of the MACD is called the signal line, which is plotted on the top of the MACD and suggests buy and sell signals.

​

​It indicates a bullish signal that suggests the price shall move upwards when the MACD crosses through the signal.

MACD: -57.2| Signal: -60.26| Close as on June 1 : Rs 4552.05| % change: 1.1%

​MACD: -41.04| Signal: -41.27| Close as on June 1: Rs 815.5| % change: 5%

​MACD: 66.89 Signal: 63.53| Close as on June 1: Rs 3240.7| % change: 1.5%

MACD: 11.91| Signal: 11.3| Close as on June 1: Rs 556.3| % change: 2.4%