RSI - Relative Strength Index Indicator: The Relative Strength Index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a...
What are derivatives? Basic interpretation : something which is based on another source. A derivative is a contract or product whose value derives from the value of the base asset. The base asset is called the underlying asset. i.e., Sugar prices will rise if sugarcane prices increase due to low production. It means sugarcane is the underlying asset of sugar...
You can compare the relative performance by using the compare option on charts. The compare function tool is used to compare the market movements of two or more different symbols simultaneously. Popular use for a comparison chart is comparing two companies within the same sector. Click on the Compare or Add symbol button (displayed as plus sign) on the toolbar...
This chart represents NIFTY/CNXSMALLCAP every time the ratio hits this trendline smallcap are likely to fall until the ratio break the trendline downside!
Just Zoom Out. Self-study and self-observation. Comment if you observe something special... Happy Trading & Investment.
In this video i have shown multiple examples of harmonic pattern setups in indian equities with an aim of providing live examples for people to learn and practice these complex patterns.
Scenario A- If holds 590 can look to go long with target of 611. Scenario B- If breaks below 590 can look to short with target of 572.
Trade - If price sustains below 17585 can short with targets of 17192/16899.
Trade - Can look to short if sustains below 17767 with targets of 17126/16679.
Trade - Can look to short if sustains below 18800.