Hi Vikas, it would be useful to know what signals to use to enter into a stock. Also, plz let us know what values you use to calculate MACD.
I don't have a desktop software, but I use
http://www.icharts.in/charts.html
I use the values "3,10,16" for MACD.
If the red line crosses above the blue line - BUY signal
If the red line crosses below the blue line - SELL signal
but MACD will work only in trending market, not a range-bound trading market. Whether it is trending or trading can be checked by observing BUY and SELL signals in retrospect. MACD will not work as good in trading market.