Pundi X (NPXS)has started a strong bullish rally at the starting of Feb 2020 and it is up by more than 70% from the lowest price of Jan 2020 which was $0.00012001.

The moving average convergence divergence (MACD) is turned strong bullish and relative strength index (RSI) was oversold now it has turned bullish and moving up.

The balance of power is strong bullish and momentum is shifted to bulls.

On day chart the candle sticks are closed above exponential moving average 10 and 20 after Jun 2019 and EMA 10 has also formed bull cross with EMA 20 and lifting the priceline and Bollinger band is expanding and paving the way for priceline to move up the candle sticks are stick with the upper bands of Bollinger bands and turning more bullish the angle of Bollinger bands is also moved up after Jun 2019 showing the trend is changed now.

+DI has crossed -DI and ADX is also aggressively moving up previously it was assigned to –DI now the ADX is assigned to +DI which is clear signal that this time the power is in bulls hands.

Previously the ichimoku cloud was turned bullish upto 1 day chart now upto two day chart the Ichimoku cloud has changed from bearish to bullish and lagging span of ichimoku cloud has crossed up the price action and conversion line has crossed up the base line.

On other side the chop zone upto 2 day chart is also turned bullish.

In previous post we have already seen that on 2 week chart the price action of NPXS has completed the formation of bullish Butterfly pattern and has taken bullish divergence at this time the price action is above the potential reversal zone of this butterfly pattern moreover Stochstic has also given bull cross from oversold zone and soon priceline can enter between 0.382 to 0.786 Fibonacci projection area of A to D leg which is from $0.00037271 to $0.00100624.

So NPXS still has potential to give upto 459% from here.