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.
V shape recovery not possible after such a big crash , It will go through flat or triangular wave formation. As per my knowledge it will take at least 7 week to confirm , either reversal or continuation .
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Midcaps have had a smart up move since the past fortnight and the Midcap index has reached a level where in it had faced resistance and went through distribution and gave way. Today at the day's close, it reached the same level and formed a Doji kind of pattern which indicated indecisiveness. The Rsi has reached a level where in a pullback on the downside might...
As we can see BANKNIFTY is at an interesting level. from current levels... if it shows a reversal sign( 2 red candles closes below the previous one ) then go short. if it continues to show the current trend then go long for red resistance line.
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