Sun Pharma, India Cements, 75 other stocks send out buy signal, suggests MACD
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Hikal, Jain Irrigation, Usha Martin, NHPC, Caplin Point, SJVN, SRF and Mastekl looked strong on the momentum indicator.
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NEW DELHI: With the market staging a recovery, dozens of stocks have sent out 'buy' signals on the technical charts.
Seventy seven of such stocks looked strong on momentum indicator Moving Average Convergence Divergence or MACD.
The indicator signalled bullish crossovers -- a sign of bullish undertone -- on these 77 counters, hinting at possible upsides in the days ahead. The list included Sun Pharma, India Cements JSW Energy, India Cements and Firstsource Solution. These stocks gained 4-5 per cent so far on Thursday.