1: HDFC Bank Monthly, Price making higher high 2: RSI hitting Making lows 3: Safe until stock breaks 8 EMA (Not in the pic) on Monthly closing basis. Short term investors can tighten their trailing stops
1. No Entry - Exit Pair As clearly seen, RSI shows 3 OverSold or Long Entry Regions but do not show even 1 OverBought - Long Exit Regions. Price falls after each Long Entry Regions 1 and 2. False Buy Regions. Most of the traders have no clue on when to sell, if they buy at Entry Regions. 2. Remains in OverSold or Long Entry Regions for so long and Price is...
I am surprised to see how this simple strategy could yield such handsome return in the Index futures. Time Period= 1 June till date Chart= 15 min. Rules: 1. Divergence on Stochastics associated with inverse price movement 2. Entry @ break above/below immediately preceding "minor" swing high/low 3. Stop @ below/above immediately preceding "significant" swing...
Developed by George Lane in 1950 – Stochastic (SO) is a momentum oscillator, that is, it follows the momentum of price. Its value oscillates between 0 to 100. The general interpretation of SO is that stock is overbought when SO value is above 80 and oversold below 20. But to what extent this interpretation is correct? Let’s find out. I am taking State Bank's...
I explained how to trade high probability trades with using RSI Oscillator in Trending market. RSI Oscillator is fast moving indicator, Observe RSI Divergence failed to change the direction but still you get the pull back, Notice before price fall RSI hitting bottom that is key indication Price is trying to make higher high. Trend is strong on Upside those...