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Indian stock market · indicator signal

MACD bearish cross on State Bank of India

On State Bank of India the macd bearish cross showed up 139 times. The target came first 32% of the time, the stop 62%, and 6% went nowhere within 12 candles.

Counted on State Bank of India: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily6333%60%6%
Hourly7632%63%5%

State Bank of India against the rest

ChartsFoundTarget firstStop firstWent nowhere
State Bank of India13932%62%6%
All Indian stock market charts8,51136%59%5%
Every market58,70536%56%8%

Year by year

YearFoundTarget firstStop first
20161020%70%
2017633%50%
2018367%33%
2019633%50%
2020729%71%
2021650%50%
2022540%60%
2023520%60%
2024580%20%
20255625%70%
20263037%60%

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 State Bank of India

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Doji · Spinning top · Volume profile rejection · Volume profile bounce · EMA 9/21 bullish cross · EMA 9/21 bearish cross · Gap up · all of them

The macd bearish cross elsewhere

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

Questions

How often does the macd bearish cross work on State Bank of India?

In 139 cases on State Bank of India, the target (1.5 × ATR) came before the stop (1 × ATR) 32% of the time and the stop came first 62%; 6% went nowhere within 12 candles.

What is the macd bearish cross?

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