Can MACD technical analysis can be used for Indian mutual funds

I am not a mathmatician or a economist but can you explain to me wheter we can use MACD technical analysis with chart and histogram on mutual funds (eg:SBI mutual funds). If yes how should we carry out MACD analysis of mutual funds and can you provide an example. which softwares can we use for that purpose . If you are using excel (or other )can you please give an example file

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