SBI, TCS among 8 stocks giving bullish signals as MACD moves above zero

    , ETMarkets.com|
    Trend Watch
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    Trend Watch

    ​MACD or Moving average convergence divergence is a momentum indicator used in technical analysis. The metric shows the relationship between two moving averages of prices. For calculating MACD, 26-day EMA is subtracted from 12-day EMA. Also, a 9-day EMA of the MACD, called the signal line, is plotted on the top of the MACD, providing the likely trading strategy in a stock i.e. a buy or a sell.

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    Significance of the MACD going above 0
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    Significance of the MACD going above 0

    The stock's MACD heading above zero is a bullish indicator, suggesting that the stock price may head northwards. So, below are 8 stocks with m-cap over Rs 10,000 crore for which the MACD is above 0 (Source: StockEdge)

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    ​​Bosch
    3/10

    ​​Bosch

    ​MACD as of July 4:7.26 | Previous MACD: -8.05 | Last close: Rs 19,053.6 | Change: 0.2%

    ETMarkets.com
    ​​GMR Airports
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    ​​GMR Airports

    MACD as on July 4: 0.02 | Previous MACD: -0.03 | Last close: Rs 43.55 | Change: -0.5%

    ETMarkets.com
    TCS
    5/10

    TCS

    MACD as of July 4: 3.34 | Previous MACD: -2.31 | Last close: Rs 3308.85 | Change: 1.1%

    ETMarkets.com
    SBI
    6/10

    SBI

    ​MACD as on July 4: 0.22 | Previous MACD: -1.32 | Last close: Rs 589.25 | Change: 1.1%

    ETMarkets.com
    ​​Indian Overseas Bank
    7/10

    ​​Indian Overseas Bank


    ​MACD as of July 4: 0.05 | Previous MACD: -0.06 | Last close: Rs 25.75 | Change: 3.2%

    ETMarkets.com
    Canara Bank
    8/10

    Canara Bank

    ​MACD as of July 4: 0.86 | Previous MACD: -0.61 | Last close: Rs 321.65 | Change: 1%

    ETMarkets.com
    ​​The Federal Bank
    9/10

    ​​The Federal Bank

    ​MACD as of July 4: 0.1 | Previous MACD: -0.56 | Last close: Rs 132 | Change: 3.5%

    ETMarkets.com
    Bank of India
    10/10

    Bank of India

    ​MACD as of July 4: 0.1 | Previous MACD: -0.56 | Last close: Rs 80.25| Change: 3.5%

    ETMarkets.com
    The Economic Times
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