Signs of boom are visible in these stocks
There is a boom in these stocks
Momentum indicator moving average convergence divergence (MACD) is showing a bullish trend on CCL Products, IIFL Wealth Management, Sterling Wilson Solar, RBL Bank and ABB Power. 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
MACD indicates bearish on Bombay Burmah, JSW Steel, Affle, JSPL, Nalco and HDFC. This means that now these stocks have started to decline.
Buying visible in these stocks
The stocks which are seeing strong buying include Indian Railway Finance Corporation, Aditya Birla Capital, CCL Products, Union Bank of India, Bank of India, IDBI Bank and Britannia. These stocks have crossed their 52 week high. This indicates a bullish trend in these stocks.
There is selling pressure in these stocks
The stocks which are seeing selling pressure include Laurus Labs, Amber Enterprises and Delhivery. There is a lot of selling in these stocks. These stocks have registered a 52-week low. This is a bearish signal for these stocks.
