Rsi crossover A slightly altered version of RSI with 3 RSI together
Near rsi
Intermediate rsi
Far rsi
I usually use 10,21 and 3rd rsi as a optional one
When Rsi 10 crosses above Rsi 21 , its buy ( you can use any values but the concept is same) and vice versa
One more major thing which I observed is that the RSI crossover coincides with Trendline breakout most of the times.Sometimes Rsi crossover occurs but there won't be a Trendline breakout, or vice-versa indicates a false signal. You need to sample some trades to understand this behaviour.
You can also draw trendlines over rsi similar to stocks and observe breakouts in rsi .
Cardwell ranges briefly, bullish stocks usually take support at 40 and strongly bullish takes support at 60. Resistance usually 80-85 rsi values
Bearish resistance at 60, strongly bearish at 40 , usually takes support at 20.
Stocks oscillating between rsi 60-40 resistance & support usually in sideways market.
Disclaimer: no indicator works 100%. You have to observe it , backtest and tweek based on your requirements
Update: Added a new fill between rsi 1 & rsi 3
Centered Oscillators
MANAPPURAM FINANCE TRADE SETUP FOR TOMORROWAs we already told you in the previous charts, once it break 170 level.
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We can see the upward momentum, so the stock has given breakout.
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You can make a position in MANAPPURAM FINANCE above 174.
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Our short term target is 185-190.
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What's your view on this comment below in the box.
NMDC: Short term & Mid term view- BullishTarget given by using patterns. Indicators are showing bullish signals on weekly chart and Daily MACD crossover may happen on upcoming days. Be ready for the next move on upside. Stoploss as per your risk. Apart from technical Iron and coal prices are multiyear high so can expect a good quarter on fundamental side.
Vijayaraghavan.K,
Kovilpatti,Tuticorin dist.
SUNTV: Short term & Mid term view- BullishMonthly MACD crossover happened but the stock price not reacted and all my indicators are showing bullish on this stock. Daily MACD crossover also may happen on upcoming days. ADX trend is getting strong but price not moving much. It can shoot up on upcoming days. Price may move more than the target levels bcaz of the bullish signals in monthly chart.
Vijayaraghavan.K,
Kovilpatti,Tuticorin dist.
GIPCL: Short term to Mid term view-BullishDaily MACD Crossover, Weekly ADX positive trend, and all other indicators showing positive signals. Monthly MACD crossover happened but still price not yet moved much upside. Monthly indicators also positive. It may shootup anytime but patience is important to hold.
Vijayaraghavan.K,
Kovilpatti,Tuticorin Dist.
CESC : MID term view- BullishIt breakout the channel and formed cup and handle pattern . All indicators are bullish Monthly MACD crossover may happen upcoming months. Share split also may approved on upcoming AGM. These parameters may help to reach the target levels.
Vijayaraghavan.K,
Kovilpatti, Tuticorin Dist.