Latest news with #MovingAverageConvergence-Divergence
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Business Standard
12-06-2025
- Business
- Business Standard
This tech indicator turns positive for these 3 IT stocks; details here
Infosys, Persistent Systems and Mphasis are likely to trade with a favourable bias as a key momentum indicator - the MACD has turned positive on the technical charts for these 3 IT stocks. Listen to This Article There is a common factor between these 3 IT stocks - Infosys, Persistent Systems, Mphasis, at present, which signals a likely positive bias for the shares. Technical chart shows that the Moving Average Convergence-Divergence (MACD) line has crossed over the signal line, thus indicating a 'Buy' alert for these 3 IT stocks. Technically, MACD is a key momentum oscillator which helps in identifying the direction or potential trend reversals for the particular index or stock. The MACD is a combination of two moving trend lines, including the MACD line and the Signal line, based on the 9-day Exponential Moving
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Business Standard
28-05-2025
- Business
- Business Standard
These 5 pharma stocks can fall up to 12% as technical charts flag caution
Abbott India, Aurobindo Pharma, Cipla, Dr Lal PathLabs and Torrent Pharma flag caution signals on technical charts; here are the key levels to watch out for. Premium Rex Cano Mumbai Listen to This Article Abbott India, Aurobindo Pharma, Cipla, Dr Lal PathLabs and Torrent Pharma are the 5 pharma stocks that have flagged a caution signal on the technical charts. Technically, these 5 stocks have seen a negative crossover of the key momentum oscillators like - the Relative Strength Index (RSI), Stochastic Slow or the Moving Average Convergence-Divergence (MACD) on the daily scale. Negative crossover of key momentum oscillators, coupled with violation of key support levels tends to weigh on the stock sentiment. Here's a detailed technical analysis of each of these 5 stocks - Abbott India, Aurobindo Pharma, Cipla, Dr Lal
