Today, you can bet on these stocks including Nazara Tech and Max Healthcare, signs of bullishness are visible
The Momentum Indicator Moving Average Convergence Divergence (MACD) has shown a bullish trend on Nazara Technologies, Gujarat StatePetronet, Max Healthcare, Axis Bank, Indian Energy Exchange and Birlasoft. 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 indicates bearishness.
Signs of bearishness in these stocks
MACD has indicated a slowdown in Canara Bank, Titagarh Wagon, Jubilant Foodworks, KRBL and Aptus Value Housing. This means that now these stocks have started declining.
Buying visible in these shares
The stocks which are witnessing strong buying include Adani Ports SEZ, SBI, ITC, ICICI Bank and M&M. These stocks have crossed their 52-week high. This indicates a rise in these stocks.
There is selling pressure in these stocks
Natco Pharma is one of the stocks showing selling pressure. There is a lot of selling in this stock. These stocks have hit a 52-week low. This is a bearish sign for this stock.