Chart Analysis of Barbeque Nations HOSP.LTD Chart Analysis- On the hourly TF we can see that two patterns are formed – Symmetrical triangle and flag pole pattern- so its bullish sign we can confirm from 2 indicators RSI is above 50 which good to buy and In DMI indicator we can see that DI+ line is above 32 and ADX line is also supporting which is above 20 ...
Daily Price Action - Triangle Breakout from Bottom RSI > 60 Bullish MACD - Buy Signal Bolinger Upper Band - Broken which indicate momentum ADX needs to increase to pick more momentum Weekly:- MACD needs to turn Buy signal Futures data:- Long Buildup on breakout
1) PA - Channel/Trendline breakout from bottom 2) Daily MACD Bullish 3) RSI > 60 4) DMI/ADX turning up 5) Reality Sector is bullish 6) According to FII Investment data FII and pumping money in Reality Sector
1 Daily TF PA - Channel Breakout BB Upper band break RSI>60 ADX Increasing Weekly BB Break Futures near the expiry Current month closing position and rolling over to next month
Hey 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...