​Bank of Baroda among 9 stocks giving bullish signals as MACD moves above 0​

    , ETMarkets.com|
    ​​Show of Strength
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    ​​Show of Strength

    MACD or moving average convergence divergence is a momentum indicator used in technical analysis of stocks to determine the relationship between two exponential moving averages (EMAs) of a security's price. For calculating MACD, the 26-day EMA is subtracted from the 12-day EMA. The indicator is used to play on trends. Further, a 9-day EMA of the MACD called the Signal Line is plotted on the top of the MACD, which offers the likely trading strategy in a stock i.e. a ‘buy’ or a ‘sell’.

    iStock
    Significance of MACD going above 0
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    Significance of MACD going above 0


    In case the MACD heads above zero, it is seen as a bullish signal. So, below are the major stocks for which the MACD has made a northward journey in the previous trading session i.e. September 7, 2023. (Source: StockEdge)

    iStock
    ​​360 ONE WAM
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    ​​360 ONE WAM

    MACD as of September 7: 0.7 | Last close: Rs 513.35

    ETMarkets.com
    ​​Bank of Baroda
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    ​​Bank of Baroda


    ​MACD as of September 7: 0.06 | Last close: Rs 196.25

    ETMarkets.com
    ​Bharat Dynamics
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    ​Bharat Dynamics

    MACD as of September 7: 2.9 | Last close: Rs 1185.15

    ETMarkets.com
    ​​Metropolis Healthcare
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    ​​Metropolis Healthcare

    ​MACD as of September 7: 3.77 | Last close: Rs 1429.5

    ETMarkets.com
    ​​City Union Bank
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    ​​City Union Bank

    MACD as of September 7: 0.03 | Last close: Rs 131.9

    ETMarkets.com
    ​​PNC Infratech
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    ​​PNC Infratech

    ​MACD as of September 7: 0.71 | Last close: Rs 350.8

    ETMarkets.com
    ​​Triveni Turbine
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    ​​Triveni Turbine


    ​MACD as of September 7: 0.1 | Last close: Rs 406.25

    ETMarkets.com
    CCL Products (India)
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    CCL Products (India)

    MACD as of September 7: 2.45 | Last close: Rs 660.1

    ETMarkets.com
    Lux Industries
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    Lux Industries

    MACD as of September 7: 4.17 | Last close: Rs 1606.65

    ETMarkets.com
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