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Indian stock market · indicator signal

MACD bullish cross on Sun Pharma

On Sun Pharma the macd bullish cross showed up 99 times. The target came first 38% of the time, the stop 48%, and 13% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily4035%42%22%
Hourly5941%53%7%

Sun Pharma against the rest

ChartsFoundTarget firstStop firstWent nowhere
Sun Pharma9938%48%13%
All Indian stock market charts7,57639%55%6%
Every market58,27536%55%9%

Year by year

YearFoundTarget firstStop first
2016617%50%
2017633%17%
2018425%25%
2019540%60%
2021367%33%
2022450%50%
2023367%33%
202440%75%
20254236%52%
20262055%45%

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 Sun Pharma

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

In 99 cases on Sun Pharma, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 48%; 13% went nowhere within 12 candles.

What is the macd bullish cross?

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