Based on ADX and RSI set up suggested by @TarunNayak2905 Analysed some charts.
Time - 5 Min
Observation -
1. ADX 27 - 15 & RSI betwee 60 - 40 - Sideways.
2. ADX above 27 & RSI above 60 - Bullish
3. ADX above 27 & RSI below 40 -
Bearish.
Check charts below -
Nifty Expiry 01.10.2017
Nifty Expiry 03.09.2020
Nifty Expiry
Nifty Expiry 27.08.2020
Nifty Expiry 06.08.2020
Nifty Expiry 20.08.2020
NIFTY Expiry 13.08.2020
NIFTY Expiry 10.09.2020
NIFTY Expiry 17.09.2020
Major observations is whenever ADX is near 45-55 level... Its falls down means the trend is Halted and during that time take decision based on RSI level.
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