IDBI Bank, Tata Motors and 50 other stocks look set to rally, signals MACD
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Some of these stocks sending out bullish signals gained up to 13% in Tuesday s trade so far.
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NBCC and UPL, looked strong on momentum oscillator MACD or moving average convergence divergence on Tuesday.
The momentum indicator signalled bullish crossovers a sign of bullish undertone on these counters, hinting at possible upsides in the days ahead. Some of these stocks have climbed up to 13 per cent in Tuesday s trade so far.
At 9:40 am, IDBI Bank was trading 3.87 per cent higher at Rs 37.50, Adani Enterprises advanced 3.09 per cent to Rs 1,294.35, NBCC was up 3.25 per cent at Rs 42.90, UPL added 1.6 per cent to Rs 627.60. Tata Motors rose 0.7 per cent to Rs 295.05
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