• Sat. Sep 23rd, 2023

These 70 stocks are ready to go downhill; so say MACD charts

Aug 2, 2017 , , , , ,
Technical indicator relative strength index, or RSI, of the Nifty is currently quoting at 70.
The domestic stock market started the week on a cheerful note, as the NSE Nifty index rallied 62 points to 10,077 on Monday, while the Sensex topped the 32,500 mark.

But momentum indicator Moving Average Convergence Divergence, popularly known as MACD, shows as many as 68 stocks on NSE witnessed bearish crossovers on Monday, signalling a possible bear grip on these counters.

Stocks that witnessed bearish crossovers with strong volumes on Monday includedSubexAxis BankSAILJaypee Infratech,Bharti AirtelJain IrrigationBiocon,Hindustan UnileverMTNLCastrol India, Jammu & Kashmir Bank, Wockhardt andKopran.

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