Sheela Foam among 4 stocks witnessing consolidation after strong trend, shows ADX scan
Following the trend helps to minimize losses and also increases the scope of potential gains. Also, employing the scan enables traders to identify the strongest and most profitable trends to trade.
In case the ADX moves below 40 from above, it generally hints at likely consolidation in stocks after a strong trend.
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ADX: 38.4 | Previous ADX: 41.11| Closing price as on July 13: Rs 1118.2| Change %: -4.3%
ADX: 39.11 | Previous ADX: 41.14| Closing price as on July 13: Rs 348.35| Change %: -1.2%
ADX: 39.76 | Previous ADX: 41.16| Closing price as on July 13: Rs 436.1| Change %: 1.8%
ADX: 39.51 | Previous ADX: 40.48| Closing price as on July 13: Rs 285.35| Change %: -2%
