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    ​Delhivery among 7 stocks poised to enter strong trend zone, shows ADX​

    By
    , ETMarkets.com|
    ​​Trend Tracker
    1/10

    ​​Trend Tracker


    ​Considered the ultimate trend indicator, ADX or Average Directional Index helps quantify signal strength. The tool can be used for any investment vehicle, including stocks, mutual funds, ETFs and derivatives. Here we have collated a list of 7 stocks that are said to be entering a strong trend zone based on ADX. For these stocks, ADX has gone above 40 from below. (Source: StockEdge).

    iStock
    ​​Understanding ADX
    2/10

    ​​Understanding ADX

    This ADX or Average Directional Index is a trend indicator that measures both the intensity as well as the momentum of the stock. Following the trend helps to minimize losses and also increases the scope of potential gains. The indicator’s calculations are based on a moving average of price range expansion over a time period.

    ​The trend which can be either up or down is shown using two distinct indicators -DI or +DI, wherein DI stands for Directional Indicators.


    ​

    iStock
    ​​Knowing the trend using ADX
    3/10

    ​​Knowing the trend using ADX

    ​As per the developer of the indicator, there is no trend in case the ADX value is below 20, while the trend is said to have strength in case it is above 25.

    iStock
    ​​Central Bank of India
    4/10

    ​​Central Bank of India

    ADX as on August 11: 41.04| Last close:: Rs 32.95

    ETMarkets.com
    ​​Redington
    5/10

    ​​Redington


    ​ADX as on August 11: 40.26| Last close:: Rs 151.8

    ETMarkets.com
    Supreme Industries
    6/10

    Supreme Industries


    ​ADX as on August 11: 41.22| Last close:: Rs 4071.35

    ETMarkets.com
    ​​TV18 Broadcast​
    7/10

    ​​TV18 Broadcast​


    ​ADX as on August 11: 40.49| Last close:: Rs 43.3

    ETMarkets.com
    Delhivery
    8/10

    Delhivery

    ADX as on August 11: 40.52| Last close:: Rs 421.05

    ETMarkets.com
    ​​Exide Industries
    9/10

    ​​Exide Industries


    ​ADX as on August 11: 40.74| Last close:: Rs 269.1

    ETMarkets.com
    ​​Chalet Hotels
    10/10

    ​​Chalet Hotels


    ​ADX as on August 11: 40.44| Last close:: Rs 492.2

    ETMarkets.com
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