Nifty 50 Technical Analysis : ADX List : Britannia, Wipro, HCL, Infy, Reliance, Mahindra, Hero with High ADX

This is National Stock Exchange main index Nifty 50 Technical analysis Indicator average directional index or ADX. A high ADX in the positive side shows a strong positive trend and a strong ADX in negative side shows strong negative trend for that particular stock. As of today (26th July 2020) stocks like Britannia, Wipro, HCL Technologies, Infosys, Reliance and Mahindra are with very strong positive ADX of 40+ indicating a strong short to medium term trend since it is based on the daily chart. Please check weekly chart ADX for long term trend.

Stocks like Hero Motors, BPCL, Bajaj Finance, Tech Mahindra, Tata Steel and Eicher Motors also with good ADX of above 30. Anything above 20 is good for the stock. In the negative side only Hindustan Unilever, Shree cements and Infratel with below 20 ADX levels indicating a strong negative trend.