Supertrend flips bullish
The Supertrend flipping from down to up, with ADX over 20 behind it.
Supertrend is an ATR-based trailing stop that flips side when price closes through it, so a flip is a stop-and-reverse event and not an oscillator reading. The ADX filter matters more here than usual. In a rangebound stock Supertrend flips constantly and every one of those flips is noise.
More reversals:RSI oversold turning upRSI overboughtGolden crossDeath crossMACD bullish crossover
Price and delivery data from the eod2 dataset: National Stock Exchange of India end-of-day files, split- and bonus-adjusted, updated after each close. Not affiliated with or endorsed by NSE. PatternsRadar is a research tool. Nothing here is investment advice or a recommendation to buy or sell anything.