ADX
Ajantha pharma short&mid term view- BullishDaily and weekly indicators(MACD,ADX,CCI,RSI,PSAR) are showing positive signals. Daily ADX moving positive,Daily&weekly CCI positive crossover,weekly MACD cut may happen on upcoming weeks.These factors will help to achieve the target levels. Please refer chart for other details.
Vijayaraghavan.K,
Kovilpatti.
Muthoot Fin Short term viewMost of the time I given my views before breakout, by viewing indicators and having confident on that, So safer traders, can initiate trade after breakout (on closing basis) and risky traders can buy from this level.
Daily MACD cut,Weekly MACD crossover, ADX loosening the negative bias,RSI and CCI are in positive mode helps to breakout and reach the target on coming days. One hour chart also favorable to enter at CMP.
Vijayaraghavan.K,
Kovilpatti.
RCOM: High risk-High rewardIndicators are showing bullish on upcoming weeks and months. Weekly and Monthly MACD crossover may happen coming weeks and months. Cant explain each and every indicator signals here. All are ready to go positive side. One can enter here for high reward with high risk.
Vijayaraghavan.K,
Kovilpatti.
PNB ADX AnalysisHey Everyone!
Here I will apply something known as Average Directional Index (ADX).
As we know, the ADX line indicates the strength of underlying trend, be it upwards or downwards. It is composed of two other lines, +DI(green) and the -DI(red) line.
It indicates, how strong or weak the buyers or sellers are.
Few traders use this to understand the reversal of a previous trend and the start of a new.
After 28th June, we have seen the ADX line changing its course after being above both the DI lines and fell below 40. This indicates that the previous trend(in PNB's case it was the downtrend) is at an end.
Personal prediction says that the ADX line will soon move above 20 and the uptrend shall start. But general idea is to initiate the trade after it crosses 20.
We have to understand one more point, that a longer time under 20 means the greater signification of the signal(buy or sell).
Another thing which can be seen here is the DI line crossover. here the +DI is above the -DI which indicates the the buyers are taking over the market.
This is my idea about the upcoming movements of PNB.
Cheers! Happy Trading!
SIEMENS (D)After witnessing the last quarter in a steady downtrend a positive divergence seen in mid December has produced a reversal in this counter and has seen the price rise steadily higher into the value zone around 1280. Momentum indicators shown on the charts are also in sync with the prices as the resistances are been challenged. The support lent by the median line is also proving to be a deciding factor in the trend that is currently emerging. A closing above 1285 could spur a sharp upside in this counter towards 1330 in the next few days. Can buy some here and on dips to 1250.