MACD is known to signal a trend reversal in the traded securities or index.

New Delhi : Last week, the Sensex had lost 952.35 points or 1.59 per cent. While Nifty lost 302.50 points or 1.69 per cent. Talking about the last trading session of the week, the Sensex closed at 58,840.79 on Friday, down 1,093.22 points or 1.82 per cent. At the same time, Nifty closed at 17,530.85, down 1.94 per cent or 346.55 points. Foreign Portfolio Investors (FPIs) have invested Rs 12,000 crore in the Indian stock markets so far in the month of September. Let us know which stocks can remain in trend today.

There is a rise in these stocks
Momentum Indicator Moving Average Convergence Divergence (MACD) has shown a bullish trend on NHPC, Mcleod Russel, Mishra Dhatu, PVP Ventures and Excel Realty. MACD is known to signal a trend reversal in the traded securities or index. When the MACD crosses the signal line, it gives a bullish signal, indicating that the stock price may see an upward move. Similarly, it also gives a bearish signal.

Signs of bearishness in these stocks
MACD has indicated bearishness in Tata Power, Bharat Electronics, Bharat Heavy Electricals, NMDC and RBL Bank shares. This means that now these stocks have started declining.

Buying visible in these shares
The stocks which are seeing strong buying are Karur Vysya Bank, Sumitomo Chemical, Bharat Dynamics, Westlife and Aether Industries. These stocks have crossed their 52-week high. This indicates a rise in these stocks.
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There is selling pressure in these stocks
Stocks showing selling pressure include Voltas, Intellect Design, Medplus Health, Mphasis and Birlasoft. There is a lot of selling in these shares. These stocks have hit a 52-week low. This is a bearish sign for these stocks.