ADX
NTPC : Short & Mid term bullishAs per daily and weekly chart indicators are showing bullish signals. Weekly MACD crossover may happen on upcoming weeks that may helps to reach the target. In Ichimoku chart, daily close presented in above the clouds and lagging span also on above the clouds. This also will lead to price to given target range.
Vijayaraghavan.K,
Kovilpatti.
GMDC: Short term BullishRefer the chart for target and stoploss. Indicators showing positive signals. In monthly chart, slowly turning from bearish to bullish. Possible to go above the target level on upcoming weeks.
Vijayaraghavan.K,
Kovilpatti.
Exide Industries Re-entering its upward trendline - BULLISH VIEWExide Industries Limited is an Indian storage battery producing company. It is the largest manufacturer of automotive and industrial lead-acid batteries in India and the fourth-largest in the world. The fundamentals of the company are great. As per technical analysis, it has been in a primary upward move since march lows and after the recent downfall, it has again re-entered into its primary upward trendline and is supported by MACD and ADX positive signals, one can have a bullish view on it.
STAY BULLISH ? WITH THE ONGOING TREND ?ADX ON MOMENTUM
+DI ABOVE ADX
-DI BELOW ADX
RSI MODERATE BULLISH LEVEL
STAY ON WITH THE GOING TREND
NO JUMPING OFF FROM RUNNING TRAIN ??
disclaimer - only observation
BUY LEVEL IN AXIS BANKBUY ABOVE 612.6 WITH STOP 592
RISK:REWARD = 1:1 / 1:2
> FACTORS CONSIDERED
3 LOWER HIGHS
ADX ABOVE 30 WITH +DI MORE THEN - DI
disclaimer - join your analysis before taking trade.
TCS Symmetrical Triangle FormationIt has formed a great symmetrical triangle and on a verge to give a breakout. Rising ADX shows for a upcoming movement. Might go bullish or bearish.
Aluminium - ADX & Fib Retracement Reverse signals & analysisAt present, MCX aluminium playing on support trendline and drilling upward. Its volume is spiking 2X compares to average volume. Each spike is turning the existing trend. And moving average has tried to cross 50 MA with 20 MA but failed. That indicates continue uptrend ahead.
According to ADX & Fib retracement, the bullish trend will start after a crossover ADX value of 25 until intraday traders can keep selling Aluminium for the targets of 150.6 - 149.6 .
What happens after ADX > 25?
Aluminium will start moving upside for 154 - 156.6 - 160+ levels.
Adanient Flag Pattern BreakoutAdanient Gave Flag Bullish Pattern Breakout Supported by ADX, RSI , Moving Average and Inside Bar Formation
Hindalco Short and Mid term viewMonthly MACD cut, Weekly MACD crossover may happen upcoming days. It will helps to reach the target levels.
Vijayaraghavan,
Chennai.
Ready For Big moveLast 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.....
TCS Short-Mid term view-BullishPls refer chart.. Call given fully based on Daily and weekly indicators view
Vijayaraghavan.K,
Chennai
BHEL Bullish view-Short &Mid termRefer chart.. Suggested based on indicators view.
Vijayaraghavan.K,
Kovilpatti.
NCC Bullish view- Short & Mid term viewPls refer chart.. View given based on indicators.. Daily and weekly indicators are in bullish mode..
Vijayaraghavan.K,
Chennai.
Karnataka Bank-Short to Mid term view- BearishRefer Chart .. Round top formation breakout done. Indicators also showing weak signals on day and weekly chart. Target and stoploss given as per pattern.
Vijayaraghavan.K,
Chennai.
NMDC - Bullish view -Short term to Mid term ivewRefer chart.. V formation done and indicators showing positive signals.. So it may increase on upcoming days..
Just Dial BullishWeekly 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 BreakoutPetronet 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 showing strengthTGV 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.
Grow with RepcoRepco 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 years and a compounded profit growth of nearly 30% in last 10 years. Average return on equity in last 10 years has been 17% and is available at a PE of 12.3 on trailing twelve month basis. So both fundamentally and technically it can be a good bet. If it closes above 474 then it could be bought with a stop loss at Rs. 433. Happy Investing :)
Buy Inox LeisureInox 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 ratio is at 0.2, so fundamentally it is showing good growth, so it's a good buy from that point of view too. One can buy Inox with a stop loss at Rs.290. Happy Trading :)
RBL Bank BreakoutBuy RBL Bank with a stop loss at 622. ADX is extremely bullish (above 40) and it has broken out decisively above 652.
