Momentum indicator Moving Average Convergence Divergence (MACD) showed bullish trade on the counters of Axis Bank, Kalyan Jewellers, KPIT Technologies and Aarti Drugs, among others.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