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CEAT, HUL: These 5 stocks can rally up to 15% on conquering MACD hurdle

Technical indicators can be useful parameters to gauge the short-term price movement in a stock or an index to either make quick profits or trim losses. One of the measures, Moving Average Convergence Divergence (MACD), is used to assess the power of price movement in a market.  The indicator is a momentum indicator, derived from moving averages, and is calculated by subtracting 26-days exponential moving average (EMA) from the 12-EMA. The resultant values are used to obtain 9-days EMA. Using the three EMAs, a MACD line is plotted on charts. A MACD also has a zero line which provide.....

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