Keltner Channels Showing a change in direction indicating Cash Flow has reversed direction to positive. Macd with multiple time frames showing positive cash Flow. Squeeze Momentum Lazy Bear Shows this wound up like a rocket NASDAQ:ADXS
Last four candles unable to effect on either positive di or negative di both of them showing nooo live......its a clear sign of heavy tussel between Bulls and Bears
any side of the pull could give a big move be cautious.....
Weekly Supertrend in the green = bullish
Daily William%R coming back from oversold range = bullish
Stock bouncing back from near 50% retracement level = bullish
ADX above 30 = momentum
Buy with a stop at 569 for the target of 700 and above
Petronet LNG broke out above 250 on 29th March. Good momentum is evident from the fact that ADX is above 29. One can buy at current levels with a stop loss at Rs.233 or one can wait until it crosses 255 after taking support at previous resistance. Trade cautiously as Nifty is near it's old high.
TGV SRAAC closed above it's previous resistance of Rs. 41.85 with high volume and ADX showing a level of 38. This share is giving an earnings yield of 11% which is much better than 10 year govt. yield. It may be a good bet for the long term. Buy at current levels with a stop loss at Rs. 37.
Repco Home Finance is flexing it's muscle since the start of this month and it touched it's resistance line first at Rs. 474 and then at Rs. 482 in March. If Repco Home breaks it's resistance line and closes above it then it can go much higher. It's a very good company among other housing finance names with a compounded annual sales growth of nearly 31% in last 10...
Inox Leisure has given a breakout above 326 which was it's resistance since Feb'18. The breakout is accompanied by above average volume and ADX is above 40 which is a very bullish sign. If I go by it's trailing twelve months financial figures then this company registered revenue growth of 17%, operating profit growth of 34% and EPS growth of 149% and it's PEG...
RIL has given a breakout above 1329, faced resistance at 1388 and came down. Now it's moving upwards again and ADX is above 27 which is a bullish sign. One can buy at current levels or above 1388 with a stop at 1311.