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Farmer !! Chem Engineer !! Investor & Trader !! Risk Management !! Price Action !! Sharing Stock Ideas Only for Learning Purpose-Not a Recommendation.

Oct 1, 2020, 11 tweets

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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