2 Adani, 4 Nifty stocks among 40 scrips sending out bearish signals on MACD
NEW DELHI: Even as benchmark indices hit fresh all-time highs in Tuesday’s trade, over three dozen stocks were sending ‘sell’ signals on NSE, according to MACD or moving average convergence divergence.
The momentum indicator signaled bearish crossovers on 40 stocks—a sign of bearish undertone—hinting at possible downsides in the days ahead.
