Get started

DMI

Barbeque Nations HOSP. LTDChart 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 Entry point- 914- 916 Short term targets · 944 · 976 Stoploss – 890 Disclaimer- This chart is for education Purpose , i can be 100% wrong please do your research before investing.
NSE:BARBEQUELong
by sakshamjais1
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!
NSE:PNBLong
by deepayann