Bharti Airtel, ICICI Pru Life among 14 stocks sending sell signals on MACD

NEW DELHI: Largecap stocks might be finding favour with investors of late, but a few of them such as Bharti Airtel, Power Grid and ICICI Prudential Life are sending ‘sell’ signals, suggests MACD or moving average convergence divergence.

In total, the momentum indicator has signaled bearish crossovers on 14 stocks — a sign of bearish undertone — hinting at possible downsides in the days ahead.

The list includes largecaps such as AMCs UTI AMC and HDFC AMC, life insurer ICICI Prudential Life, BSE100 constituent Bajaj Holdings, telecom major Bharti Airtel and electric utility company Power Grid.