Discover and read the best of Twitter Threads about #ADX

Most recents (5)

Case Study 4 : #Chemcon Specialty Chemicals
CMP – 502.25 (7/6/2021)

(Must read Thread 🧵for #TA & #FA learners)

Fundamentals Sound & Technically Breakout Candidate !

#TechnoFundaInvesting

@drprashantmish6 & @Prakashplutus (views invited)
0⃣Company came out with #IPO last year and listed on 1st October at Rs. 730 against issue price of Rs. 340.

Stock crashed on listing day and then corrected all the way to 400 level.

#Chemcon #StockMarket #TechnoFunda #Investing
1⃣ Chemcon Speciality Chemicals Ltd is a manufacturer of specialized chemical products i.e. HMDS & CMIC.

Its product portfolio includes oilfield chemicals (Calcium Bromide, Sodium Bromide, and Zinc Bromide), Pharma intermediates, Silanes, & chemicals contract manufacturing work
Read 13 tweets
#Chartreading #technicalfunda #Raghumantra Classes
Take an Indicater and build an understanding around it.
Today's indicater= #ADX (used to help measure the overall strength of a trend)
For illustration purpose, lets scan for a pullback where trend is quite strong.Conditions:
1/n
2/n
Using the above scanner, I got three stocks:
Gati
GuficBio
Saregama
Checked the higher t/f (in current case Weekly) to look for current range & resistances.
#Chartreading with #Raghumantra Classes
3/n
Then come down to our chosen t/f i.e Daily to fathom probable support points for the current pullback e.g.
20DEMA
50DEMA
Monthly Pivot
Demand zone
Fibo retracement level
Trendline
#Chartreading with #Raghumantra Classes
Read 4 tweets
Have u pay attention to right way use of ADX and RSI stochiastic?

Let's sharpen our saw today instead of stock for tomorrow.

🙏🙏
Just a hint..

#sbin
Reach three time at 200 in recent past..
But never had momentum..

But #adx is saying something.
Volume says something
Range is saying something.
What else u want ?

#RT if useful..

Written so much in small tweet.
Digest this..
Read 7 tweets
💎Thread of Technical Indicators💎

🚀@Prashantshah267 author of two great books amzn.to/2ZqKbs4

📈Posted #Threads on Technical Indicators & insights.

📈Posting all the #Threads collectively here

Kudos for his efforts in sharing the knowledge..
Read 13 tweets
Dear Friends,

If the trend is your friend, then you should definitely use the ADX Indicator.

Added ADX Bullish and Bearish Patterns. Image
#ADX
Wilder suggests that a strong trend is present when ADX is above 25 and no trend is present when below 20.

When the ADX turns down from high values, then the trend may be ending

If the ADX is declining, it could be an indication that the market is becoming less directional
#adx
ADX is non-directional and quantifies trend strength by rising in both uptrends and downtrends.

When the +DMI is above the -DMI, prices are moving up, and ADX measures the strength of the uptrend.
Read 6 tweets

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