Major Stocks including Infosys signs up. Stock Market News.




60 stocks including Infosys, Tata Steel, Coal India Steel signs up.


New Delhi: The domestic stock market witnessed ups and downs on Tuesday. Domestic markets opened at record levels with strong global cues. But the rising inflation in the country had an impact on the market sentiment. However, experts believe that the Nifty may soon reach the level of 12,400.

This time the special thing is that there is a strong level of strength in the market. The BSE Midcap and Smallcap indices have also strengthened by 7% and 4% respectively, while the Sensex has gained 1.5%.

Due to good market sentiment, shares of five dozen companies are showing signs of rising. These signs have come from the moving average convergence diversion (MACD) associated with the business. According to this, 60 stocks listed on the NSE could rise.







What is MACD?
 

MACD chart shows the trend of shares. It is specifically used to assess the change in share speed. It shows the relationship between the 26-day trading average of a stock and the 12-day trading average. This list includes companies like Infosys, Tata Steel, Coal India, Adani Power, Just Dial, LIC Housing Finance and Avenue Supermarts. Recently, the volume has also increased in these stocks, which reinforces the signs of rising in these stocks.

Apart from this, shares of Bharat Electronics, L&T Finance, Petronet LNG, Tata Coffee, Delta Corp, Laxmi Vilas Bank, Tech Mahindra, TVS Motors Company, Asian Paints, Bank of Maharashtra and IRCTC are also showing signs of rising.

MACD makes it easy to read and understand the signs of rise or fall in a stock. The moving average of 9 trading sessions is important for the shares. This is called the 'signal line'. Based on this, analysts recommend buying or selling a stock. When a stock's MACD goes above the signal line, it is considered to be a signal of bullishness. Because of this, it can be bought. Similarly, if the MACD slips below the signal line, it is considered a sell signal.





However, investment cannot be decided only on the basis of MACD. It can only be considered as a hint. Numerous other techniques and scales exist in mathematics and statistics to find investment opportunities.
Also, retail investors must consult their financial advisors before placing bets in the stock market. It is not enough to understand these technical signals. Many factors work in telling the market move.

MACD charts also indicated a fall in the shares of 18 companies on the NSE. The list includes Tata Consultancy Services, Reliance Capital, Dhampur Sugar, Indian Overseas Bank, Music Broadcast and Greenply Industries. The trend of Nifty 50 index is positive, which is gradually increasing in the upward direction. Chandan Tapadia said to Motilal Oswal, "If the index is able to maintain the level of 12,220-12,250, it will move in the direction of 12,400. There will be support at the level of 12,200-12,150."

To understand this, let's take the example of Infosys shares. The stock chart of this company shows that whenever the MACD has gone above the signal line, this stock has given good returns to the investors. However, this stock has also disappointed the investors after sliding down.


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