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When MACD Should Be Avoided
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Case Study :ISPAT Industries Limited
The chart below is of ISPAT Industries Limited from the July 09 to May 10. The chart shows signal line and MACD.
In the chart above we can clearly see MACD line moves almost along with signal line giving little or no scope for trading.As their is not much of buy or sell signal in ISPAT Industries, MACD should be avoided.
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(All analysis is based on End of Trade day's Value. Expected time of update is between 5 to 5.30 PM exchange time Zone)
