News for Nahar Poly Films Limited (NAHARPOLY.NS)

The MACD is known for signaling trend reversals in traded securities or indices. When the MACD crosses above the signal line, it gives a bullish signal, indicating that the price of the security may see an upward movement and vice versa.

In the medium term, the market is expected to remain volatile due to uncertainty over the resolution of the ongoing Russo-Ukraine war, input cost inflation, the possibility of rate hikes and a subdued demand scenario.

Mazhar Mohammad of Chartviewindia.in said the selling at highs hints at the lack of conviction on the part of bulls to push Nifty50 higher.