imdbeststocktrader

GAL (GYSCOAL ALLOYS LTD) - Long

Long
BSE:GAL   GYSCOAL ALLOYS LTD
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GAL (GYSCOAL ALLOYS LTD) - Long

Price will move up till he trendline on RSI . If the price breaks that trendline then price
will move much higher and you need to exit if it retraces from the RSI .

RSI broke the trendline on 24th November 2016 and price moved considerably.

Trend is your friend. Price is above 200 and 50 SMA , suggesting an uptrend.
Comment: RSI did not break the upper trendline. Trade did not get activated. Now the RSI has broken the bottom trendline.