MACD charts show RIL, PNB, IOC among 117 stocks at risk of sharp fall. When MACD slips below the signal line, it gives a bearish signal on the charts. MACD is a trend-following momentum indicator, and is the difference between the 26-day and 12-day exponential moving averages. MACD Signal Line description View In Chart Signal ; Daily -84.71 -53.00 : Macd Below Signal Line for 11 periods.Macd Below Zero Line for 35 periods. Bearish: Weekly -23.75 : 27.41 : Macd Below Signal Line for 7 periods.Macd Below Zero Line for 1 periods. Bullish: Monthly : 105.57 : 138.12 : Macd Below Signal Line for 2 periods.Macd Above Zero Line for 73 periods. The MACD charts also showed bearish crossovers on 34 counters on NSE, giving a ‘sell’ signal. They included Havells India, Parag Milk Foods, Quick Heal Technologies, Max India, Crompton Greaves, Cochin Shipyard, ITD Cementation, PNC Infratech and Talbros Auto. On Monday, the 50-share Nifty index settled at 10,623,