Today, these stocks, including Delta Corp and GAIL, are seeing a boom, can play bets
Momentum indicator moving average convergence divergence (MACD) is showing a bullish trend on NCC, Delta Corp, GAIL, Bharti Airtel and Pennar Industries. MACD is known to signal a trend reversal in the traded securities or index. When MACD crosses the signal line, it gives a bullish signal. This indicates that the share price may see an upward move. Similarly, it also indicates bearishness.
Signs of recession in these stocks
MACD has indicated bearishness in the shares of South Indian Bank, Coal India, J&K Bank, Electrosteel and Genus Paper. This means that now these stocks have started to decline.
Buying visible in these stocks
The stocks which are seeing strong buying include RVNL, Mazagon Dock, Apar Industries, Apollo Tires and Sundaram Clayton. These stocks have crossed their 52-week high. This indicates a rise in these stocks.
There is selling pressure in these stocks
The stocks which are seeing selling pressure include Sona BLW and DCM ShriramDCM Shriram. 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.