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Indian stock market · indicator signal

MACD bearish cross on Canara Bank

On Canara Bank the macd bearish cross showed up 134 times. The target came first 38% of the time, the stop 57%, and 5% went nowhere within 12 candles.

Counted on Canara Bank: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily6143%54%3%
Hourly7334%59%7%

Canara Bank against the rest

ChartsFoundTarget firstStop firstWent nowhere
Canara Bank13438%57%5%
All Indian stock market charts8,51136%59%5%
Every market58,70536%56%8%

Year by year

YearFoundTarget firstStop first
2016944%56%
2017520%60%
2018367%33%
2019743%43%
2020425%75%
20211145%55%
2022933%67%
2023560%40%
20255733%61%
20262339%52%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the macd bearish cross is

Above zero, the MACD line crossed below its signal line.

Picture a bike racing uphill that starts to slow down. It is still going up, just less fast. A MACD bearish cross above zero is like that: the rise may be losing speed.

The full macd bearish cross lesson, video and quiz ›

Other patterns on Canara Bank

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile rejection · Doji · EMA 9/21 bearish cross · EMA 9/21 bullish cross · RSI overbought drop · MACD bullish cross · all of them

The macd bearish cross elsewhere

Sensex · Nifty 50 · Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the macd bearish cross work on Canara Bank?

In 134 cases on Canara Bank, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 57%; 5% went nowhere within 12 candles.

What is the macd bearish cross?

Above zero, the MACD line crossed below its signal line.