​Bullish Signs! Adani Green among 4 stocks for which MACD is headed above zero​

    , ETMarkets.com|
    ​​What is MACD?
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    ​​What is MACD?

    MACD or Moving average convergence divergence is a momentum indicator used in stock market technical analysis. The metric shows the relationship between 2 moving averages of prices. For calculating MACD, 26-day EMA is subtracted from 12-day EMA. While, a 9-day EMA of the MACD called the signal line, is plotted on the top of the MACD, which provides the likely trading strategy in a stock i.e. a buy or a sell. Furthermore, in case the MACD heads above zero, then it is seen as a bullish signal. So, below are the stocks with m-cap over Rs 10,000 crore for which the MACD has made a northward journey, moving above 0. (Source: StockEdge)


    iStock
    Gujarat State Petronet
    2/5

    Gujarat State Petronet

    ​MACD as on July 14: 0.1| Previous MACD: -0.15 | Last close: Rs 295.5 | Stock price change: 1.1%

    ETMarkets.com
    ​​Marico
    3/5

    ​​Marico


    ​MACD as on July 14: 0.33| Previous MACD: -0.37| Last close: Rs 539.45 | Stock price change: 1.1%

    ETMarkets.com

    Amazon Top Deals

    ​​Adani Green Energy
    4/5

    ​​Adani Green Energy

    MACD as on July 14: 0.16| Previous MACD: -0.66| Last close: Rs 965.2 | Stock price change: 1.9%

    ETMarkets.com
    ​​Aptus Value Housing Finance
    5/5

    ​​Aptus Value Housing Finance

    MACD as on July 14: 1.11| Previous MACD: -1.45| Last close: Rs 285.4 | Stock price change: 8.7%

    ETMarkets.com
    The Economic Times
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