When MACD crosses the signal line it gives a bullish signal

New Delhi : The decline in the domestic stock market from three trading sessions ended on Monday due to buying in banking shares. The BSE Sensex closed at 59,141.23 on Monday, up 300.44 points, or 0.51 per cent. Similarly, the Nifty of the National Stock Exchange also closed at 17,622.25 points with a gain of 91.40 points, or 0.52 per cent. Mahindra & Mahindra, Bajaj Finance, State Bank of India, Hindustan Unilever, Nestle and Bajaj Finserv were the major gainers in the Sensex pack. On the other hand, shares of Tata Steel, ICICI Bank, Power Grid and ICICI Bank were down. Let us know which stocks can remain in trend today.

There is a rise in these stocks
The Momentum Indicator Moving Average Convergence Divergence (MACD) has shown a bullish trend on Triveni Turbine, Manaksia Aluminum, Wonderla Holidays and Prism Johnson. 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 Vodafone Idea, ICICI Bank, Trident, Jindal Steel, Exide Industries and Indian Bank shares. This means that now these stocks have started declining.

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Buying visible in these shares
The stocks which are witnessing strong buying are Meghmani Fine, Ambuja Cements, India Cements and Escorts. These stocks have crossed their 52-week high. This indicates a rise in these stocks.

There is selling pressure in these stocks
Stocks showing selling pressure include SIS India, Birlasoft, Metropolis, Piramal Enterprises and Mastek. 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.