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Indian stock market · indicator signal

MACD bullish cross on ITC

On ITC the macd bullish cross showed up 122 times. The target came first 40% of the time, the stop 53%, and 7% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily5238%52%10%
Hourly7041%54%4%

ITC against the rest

ChartsFoundTarget firstStop firstWent nowhere
ITC12240%53%7%
All Indian stock market charts7,57639%55%6%
Every market58,27536%55%9%

Year by year

YearFoundTarget firstStop first
2016633%67%
201750%60%
2018633%50%
2019520%80%
2021683%17%
2022367%33%
2023520%80%
2024633%67%
20255145%49%
20262737%56%

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 ITC

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile rejection · Doji · EMA 9/21 bullish cross · MACD bearish cross · EMA 9/21 bearish cross · Volume profile bounce · 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 ITC?

In 122 cases on ITC, the target (1.5 × ATR) came before the stop (1 × ATR) 40% of the time and the stop came first 53%; 7% went nowhere within 12 candles.

What is the macd bullish cross?

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