MACD bullish crossover
MACD crossing above its signal line from below zero.
MACD crossing its signal line is the standard momentum turn. Insisting that the cross happen below zero is what makes this a reversal scan. The stock has been in a downswing and is turning, instead of already trending and pausing. Read the guide: Translating Chartink formulas to Sift →
More reversals:RSI oversold turning upRSI overboughtGolden crossDeath crossMACD bearish crossover
Price and delivery data from the eod2 dataset: National Stock Exchange of India end-of-day files, split- and bonus-adjusted, updated after each close. Not affiliated with or endorsed by NSE. PatternsRadar is a research tool. Nothing here is investment advice or a recommendation to buy or sell anything.
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