Trading Class

Markets › Canara Bank › MACD bullish cross

Indian stock market · indicator signal

MACD bullish cross on Canara Bank

On Canara Bank the macd bullish cross showed up 98 times. The target came first 42% of the time, the stop 56%, and 2% 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
Daily4351%44%5%
Hourly5535%65%0%

Canara Bank against the rest

ChartsFoundTarget firstStop firstWent nowhere
Canara Bank9842%56%2%
All Indian stock market charts7,57639%55%6%
Every market58,27536%55%9%

Year by year

YearFoundTarget firstStop first
2016333%67%
2017450%50%
2018850%50%
2019743%57%
2022580%20%
2023475%25%
2024825%62%
20252737%63%
20262938%62%

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 bullish cross is

Below zero, the MACD line crossed above its signal line.

Picture a sled sliding downhill that starts to slow down. It is still going down, just less fast. MACD is a gauge that shows this kind of speeding up and slowing down, and a bullish cross below zero hints the fall is losing speed.

The full macd bullish cross lesson, video and quiz ›

Other patterns on Canara Bank

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

The macd bullish 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 bullish cross work on Canara Bank?

In 98 cases on Canara Bank, the target (1.5 × ATR) came before the stop (1 × ATR) 42% of the time and the stop came first 56%; 2% went nowhere within 12 candles.

What is the macd bullish cross?

Below zero, the MACD line crossed above its signal line.