New Trend....???

[karthikmarar]

Great stuff as always,Karthik..............keep em coming!!

Saint

Saint,

Thanks my friend...well.. you know where I got all the inspiration from..

regards

karthik

 

[karthikmarar]

Dear Friends

NUCLEUS & PAPER PRODUCTS

Looks like these are ready to start a downward trend. The ADX has started an upward movement. Now DI- is on top and DI+ is gone below ADX. The MACD and RSI are giving bearish signals.

Other stocks whos ADX are having low values and worth watch are

BHUSAN STEEL
GLAXO
GOETZEIND
RAINCALCIN
RANEBRAKE
TEXMACOLTD
TRENT

I will keep you update on the above stocks.
Karthik

Updates

PAPERPRODUCTS -seems the downtrend is confirmed. NUCLEUS - today looked like a last ditch effort by the bulls.

GLAXO, RANEBRAKES, TEXMACOLTD - going southwards

COLGATE AND RAINCALCIN still a watch, but still bearish.

regards

karthik

 

[rajesh.sadhanala]

Saint,

Thanks my friend...well.. you know where I got all the inspiration from..

regards

karthik

Hi Karthik,

Waiting for ur comeback soon. U got a lot of questions soon in ADX since it is mainly for trend breakout.

Will come up with an example soon with my doubts. I want all the new people to go to this indicator too and make this thread go on.

Raj