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MFI

MFI indicator and how to work with itHello everyone, letit is in touch and today we want to tell you about one very cool indicator. MFI - (money flow index) is a technical indicator designed to demonstrate the intensity with which money is invested in a security and withdrawn from it by analyzing trading volumes and the ratio of typical prices of periods. it shows how attractive the asset looks. That is, the degree of intensity of investing money in it. At the same time, only the dynamics of the indicator is important, its value at a particular moment in itself does not matter much. That is, speaking in simple terms, there is a similarity with rsi, but here it is not so strict in terms of divergences and convergences. The indicator simply shows the discrepancy between the cash flow and the price of an asset. Now on bitcoin we can see this discrepancy. We had growth when money left the asset - this is a signal for a fall. Therefore, the team and I expect the asset to fall to the area of ​​21500-20200, and from there it will turn around. Below are some more examples of discrepancies. If you liked the article, then put a reaction and write a comment - it will help us a lot.
INDEX:BTCUSDEducation
by Letit_Trade
Multiple Breakouts in UptrendIn this Birla Corp. stock we have witnessed multiple breakouts in bullish trend for almost now a year. This trend line is now a major support. These are the multiple points where an investor or trader can take entry and can efficiently plan a strategy and do money management. And price action makes analysis simple and easy to understand and is least complicated. The more simplistic the analysis is for yourself and more effectively and efficiently one can take actions in entry point for investment decision or trading position. And the money flow index helps me to understand the strength in breakouts and breakdowns and volumes too. This post is for to show you how without making things complicated you can analyze and earn money. But remember just seeing breakouts/breakdowns one should not enter. Multiple confirmation are must, like candlestick patterns, fibo retracement, price action patterns, etc. This post is for information purpose only.
NSE:BIRLACORPN
by AkshayAdak
Tata Motors - Readying for a long driveWith multiple headwinds, the stock had corrected big time and is now on the path of recovery aided in part by the easing of the global pandemic led economic lockdown. While it was tempting to have entered the stock at levels closer to 70, we needed to be certain of the recovery path. In the past month, the stock had attempted to retrace but failed at the 23.6% hurdle. Now, the stock finally closed above that level with a strong green candle after a series of green candles. MACD has moved into positive territory, volume has gone up adding to conviction, Ichimoku bullish crossover has happened ... the list is long...Good to go long with Tgt 1 - 116,TGT 2 - 122 and a TGT 3 of 132. SL 94.
NSE:TATAMOTORSLong
by s.arun.natesh
SBI Life - Gets back to lifeFundamentally strong, SBI Life went through an unwarranted correction during the pandemic.We have been buying at lower levels. Now, the price is at a nice resistance zone which it had tested on 2 previous occasions and finally closed above the level today. It has been making a series of higher lows. Last few days has seen a spurt in volumes. Multiple indicators have turned positive. The stock has also moved above the Ichimoku cloud on the daily chart. ADX has also turned positive. With price action and momentum in its favour, it is Good to take a fresh long position at 781 with a target of 872 and a SL of 750
NSE:SBILIFELong
by s.arun.natesh
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