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Indian stock market · indicator signal

MACD bullish cross on JSW Steel

On JSW Steel the macd bullish cross showed up 109 times. The target came first 35% of the time, the stop 61%, and 4% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily4432%66%2%
Hourly6537%58%5%

JSW Steel against the rest

ChartsFoundTarget firstStop firstWent nowhere
JSW Steel10935%61%4%
All Indian stock market charts7,57639%55%6%
Every market58,27536%55%9%

Year by year

YearFoundTarget firstStop first
2016333%33%
2018450%50%
2019714%86%
2021812%88%
2022633%67%
2023633%67%
2024714%86%
20254042%50%
20262638%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 JSW Steel

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

In 109 cases on JSW Steel, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 61%; 4% went nowhere within 12 candles.

What is the macd bullish cross?

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