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Indian stock market · indicator signal

MACD bearish cross on UltraTech Cement

On UltraTech Cement the macd bearish cross showed up 130 times. The target came first 42% of the time, the stop 55%, and 3% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily6938%59%3%
Hourly6148%49%3%

UltraTech Cement against the rest

ChartsFoundTarget firstStop firstWent nowhere
UltraTech Cement13042%55%3%
All Indian stock market charts8,51136%59%5%
Every market58,70536%56%8%

Year by year

YearFoundTarget firstStop first
20161030%70%
2017757%43%
20181118%82%
2019475%25%
2020617%83%
2021825%75%
2022650%50%
2023862%38%
20244100%0%
20254040%58%
20262646%42%

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 UltraTech Cement

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

In 130 cases on UltraTech Cement, the target (1.5 × ATR) came before the stop (1 × ATR) 42% of the time and the stop came first 55%; 3% went nowhere within 12 candles.

What is the macd bearish cross?

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