Share Market Prediction: Bullish signs in escorts l and t bhel britannia and cochin shipyard stocks
There is a boom in these stocks
Momentum indicator moving average convergence divergence (MACD) is showing a bullish trend on Jamna Auto, Hinduja Global, Tata Steel Long Products, Brigade Enterprises, UltraTech Cement and Strides Shasun. MACD is known to signal trend reversals in traded securities or indices. When the MACD crosses the signal line, it gives a bullish signal, indicating that the stock price is likely to witness an upward movement. Similarly, it also indicates recession.
Signs of recession in these stocks
The MACD covered Schaeffler India, HCL Tech, Railtel Corp, Amber Enterprises and Finolex Industries.
The stock has indicated a bearish trend. This means that now these stocks have started to decline.
Buying visible in these stocks
The stocks which are witnessing strong buying include KRBL, Escorts, Cummins, L&T, BHEL, Britannia and Cochin Shipyard. These stocks have crossed their 52 week high. This indicates a bullish trend in these stocks.
There is selling pressure in this stock
The stock which is seeing selling pressure is Medplus Health Services. There is a lot of selling in this stock. The stock has registered a 52-week low. This is a bearish signal for this stock.
