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Indian stock market · indicator signal

MACD bearish cross on Larsen & Toubro

On Larsen & Toubro the macd bearish cross showed up 125 times. The target came first 35% of the time, the stop 58%, and 7% went nowhere within 12 candles.

Counted on Larsen & Toubro: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily6529%63%8%
Hourly6042%52%7%

Larsen & Toubro against the rest

ChartsFoundTarget firstStop firstWent nowhere
Larsen & Toubro12535%58%7%
All Indian stock market charts8,51136%59%5%
Every market58,70536%56%8%

Year by year

YearFoundTarget firstStop first
2016617%83%
2017729%43%
2018729%71%
202050%100%
20211040%60%
2022729%71%
2023933%56%
2024560%40%
20254335%58%
20262450%46%

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 Larsen & Toubro

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile rejection · Doji · EMA 9/21 bearish cross · EMA 9/21 bullish cross · MACD bullish cross · RSI overbought drop · 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 Larsen & Toubro?

In 125 cases on Larsen & Toubro, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 58%; 7% went nowhere within 12 candles.

What is the macd bearish cross?

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