It 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.
in zone of 805 to 820 with 835 sl for 765// 740 / 730 zone
At 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...
Adanient Gave Flag Bullish Pattern Breakout Supported by ADX, RSI , Moving Average and Inside Bar Formation
Monthly MACD cut, Weekly MACD crossover may happen upcoming days. It will helps to reach the target levels. Vijayaraghavan, Chennai.
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.....
Pls refer chart.. Call given fully based on Daily and weekly indicators view Vijayaraghavan.K, Chennai
Refer chart.. Suggested based on indicators view. Vijayaraghavan.K, Kovilpatti.
Pls refer chart.. View given based on indicators.. Daily and weekly indicators are in bullish mode.. Vijayaraghavan.K, Chennai.
Refer 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.
Refer chart.. V formation done and indicators showing positive signals.. So it may increase on upcoming days..
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...
Buy RBL Bank with a stop loss at 622. ADX is extremely bullish (above 40) and it has broken out decisively above 652.
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.