RSIThe Relative Strength Index (RSI) is a widely used momentum oscillator in technical analysis that helps traders identify overbought or oversold conditions in a market. Here’s a brief overview:
Interpretation:
Overbought: An RSI above 70 suggests that the asset might be overbought and could be due for a pullback.
Oversold: An RSI below 30 indicates that the asset might be oversold and could be due for a bounce.
Oscillators
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RSI Divergence Trading RSI divergence is fairly reliable, especially when used alongside other technical indicators for confirmation. However, like all technical tools, it's not foolproof and should be used as part of a broader strategy that includes risk management.
A bullish divergence occurs when the price of a security is moving downwards along with making lower lows while the RSI indicator is making higher lows. These movements indicate an increasing bullish momentum where traders can enter a long position when the security shows signs of upward reversal.
Examples of bullish RSI divergence: Example 1: Stock price falls to a new low, but RSI forms a higher low. Example 2: Forex pair decreases in value, but RSI shows increasing troughs. Example 3: Cryptocurrency drops, but RSI indicates an upward momentum shift
What is Rsi Indicator What Is the Relative Strength Index (RSI)?
The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overvalued or undervalued conditions in the price of that security.
The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. The indicator was developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, New Concepts in Technical Trading Systems.
In addition to identifying overbought and oversold securities, the RSI can also indicate securities that may be primed for a trend reversal or a corrective pullback in price. It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition.
Advanced Divergence Trading"Welcome to SkyTradingZone "
Hello Everyone 👋
Video Information -
Hello , Everyone lets start the Journey of Advanced Divergence Trading
In this video, we are going to look at divergence.
What is divergence?
Divergence is basically
when the market is creating
higher highs and higher lows, and
the RSI is creating the opposite.
(Divergence can happen in
both downtrends and uptrends.)
----------------------------------------------------------------
Q What divergence does, it's basically
telling you that the trend is weakening.
This is in a downtrend, and the RSI,
the divergence, is basically telling you
that this downtrend is weakening and
there could be a possible reversal soon.
So normally when divergence
is happening, you normally see
The market creates basically a curve.
----------------------------------------------------------------
Structure is always key
It doesn't matter the strategy
you use, structure is always key.
So what you want to see is that
breaker structure to say that the trend
is changing because structure changed.
Note- Normal Tip From our side try to learn Liquidity and order block
HINDOILEXP: opportunity for steep rise.🔍 Technical Analysis Update for NSE:HINDOILEXP - Week Starting January 23, 2024
📊 Current Status: The stock closed at a high of ₹186.85 on the last trading day. It has been range-bound since August 2023 but recently breached a six-month high before closing just below it.
📈 Entry Point: Consider entering the trade if the price crosses and sustains above ₹189.80 in the next day or two. This could signal the start of a bullish trend.
🎯 Target: The first target is set at ₹196.40.
🛑 Stop Loss: A key stop loss point is at ₹172.85, aligning with a critical Fibonacci level of 0.5 at ₹172.75. This acts as a strong support level.
💹 Key Indicators:
Volume: Increasing volume supports the potential bullish trend.
Percentage R: Positioned at the upper band, indicating bullishness.
Stochastic RSI: A buying crossover has occurred in an oversold situation, further supporting bullish prospects.
🚦 Overall Outlook: The stock is showing signs of breaking out of its long-term range with increasing volume and positive technical indicators. Monitoring the stock's ability to maintain above ₹189.80 will be crucial for confirming the bullish trend.
⚠️ Disclaimer: This analysis is for informational purposes only and is not financial advice. Investors should conduct their own research and consult a financial advisor before making any investment decisions .
🔖 #HindustanOilExploration #StockAnalysis #BullishTrends #TradingStrategy #StockMarket #InvestmentTips
🌟 Stay informed and trade wisely! 🌟
TVS Motor Cmp 1068 dated 21-9-2022 SHOOTING STAR CANDLE AT TOPTVS Motor Cmp 1068 dated 21-9-2022
1. Shooting Star Candle at Top of the chart.
2. RSI reversal.
Sell below 1065 for a target of 1035-1015-1000 SL 1095
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
Dr Lal Path Lab Cmp 2333 dated 20-9-2022 BUY@SUPPORTDr Lal Path Lab Cmp 2333 dated 20-9-2022
1. Trendline Support taken & reversed.
2. RSI Reversal
3. Triangle Formation
Buy @ Cmp for target 2365-2450-2550 SL 2250
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
UNO Minda Cmp 592 dated 9-9-2022 ROUNDING PATTERN BOUNO Minda Cmp 592 dated 9-9-2022
1. Rounding Pattern BO @595
2. RSI has Symmetrical triangle BO.
Rounding Pattern Tgt & Fibonnachi 1.618 level has same targets.
Buy for a tgt of 625-775 SL 545
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational
purpose. By no means shall be responsible for
any losses amounting out of it incase if any
trades on it.
It is just a view, pls trade at your own risk.
Titan Cmp 2645 dated 15-9-2022 SELLTitan Cmp 2656 dated 15-9-2022 SELL
1. Dark Cloud Cover Candle Stick (Bearish)
2. Double Top made
3. RSI Breakdown.
4. Trendline Breakdown
Sell below 2645 for a target 2590-2540-2450-
2400 SL 2725
Disclaimer :
I am not a Sebi registered Analyst so please do
your own Analysis before taking any action. The
above view is shared just for educational purpose.
By no means shall be responsible for any losses
amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
PVR Ltd 1830 dated 24-8-2022 Bottom CatchPVR Ltd 1830 dated 24-8-2022
Bottom Catch
1. Support @ 1770
2. Falling Wedge BO
Buy above 1845 for a tgt of 1880-1915-1950-
1975 SL 1770
It is just a view, pls trade at your own risk.
HCL tech multi timeframe analysis for swing trading in hindiHCL tech multi timeframe analysis for swing trading in hindi
in this video i have shown, 15 minutes & daily chart analysis of HCL tech.
and trade setup for next day 08/08/2022.
you will get idea of where to short sell & where to put stop loss.
i have shown practical use of reversal pattern such as triple top, H&S, double top & rising wages pattern.
i have also discussed about trendline, RSI diveregence & wyckoff method in real life example.
basically i have shown, how to use technical analysis in real life.
video is in hindi language.
if you like or found useful, kindly like, subscribe & share.
Disclaimer: only for learning, not trading tip. trade at your own risk.
Hindi description:
Swing trading k liye HCL tech ka multi timeframe analyis.
maine is video me bataya hai k kaise trendline,reversal pattern aur RSI ka istemal real life me kaise kiya jata hai.
is video me aap sikhenge ki double top/ triple top/ H&S ko kaise real chart par mark kiya jata.
is video se aap technical analysis ko sahi tarike se use karna sikhenge.
disclaimer: yah keval learning k liye banaya aur share kiya gaya hai, trade apne risk par kare
Natural Gas (MCX) : 7.50 % Future returnsNatural Gas (MCX) : 7.50 % returns at 11.30am 24.02.2022 HOW ???
1.Trend line Breakout
2.Above SMA 200 support
3.RSI 50 Support.
4.100% PURE Price action .
5.simple setup
You know 1 lot = 1250 /-
25 rupees changed(7.50% future returns)
=25*1250= 31250/-
1 lot future returns.
Ninja Intraday Scalping in BankNifty 15 Nov 2021Ninja Intraday Scalping in Bank Nifty 15 Nov 2021 (pull back method), added few advanced concepts today for the basic version of our strategy!
145 points gain. Please do drop your comments if you have any questions on this Ninja Technique.. Thanks
Indicators/tools used for this strategy : Stoch , MACD , RSI and Bollinger bands 20 and 100 length.
Whenever we see confluence in all these tools we take entry with minimal stop loss. Its like when upper BB 20 crosses 100 and tries to reverse back and if we see Stoch , MACD , RSI too reversed from top or from bottom an entry can be taken. Other end of the band will be the target or middle band would be the target basing on the risk reward.
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Please do like and share this idea. Thanks
Ninja Intraday Scalping in BankNifty 12 Nov 2021(Hindi Language)Ninja Intraday Scalping in Bank Nifty 12 Nov 2021 (pull back method), 330 points gain. Please do drop your comments if you have any questions on this Ninja Technique.. Thanks
Indicators/tools used for this strategy : Stoch , MACD , RSI and Bollinger bands 20 and 100 length.
Whenever we see confluence in all these tools we take entry with minimal stop loss. Its like when upper BB 20 crosses 100 and tries to reverse back and if we see Stoch , MACD , RSI too reversed from top or from bottom an entry can be taken. Other end of the band will be the target or middle band would be the target basing on the risk reward.
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Please do like and share this idea. Thanks
Ninja Intraday Scalping in Bank Nifty 9 Nov 2021(Hindi Language)Ninja Intraday Scalping in Bank Nifty 9 Nov 2021 (pull back method), 380 points gain. Please do drop your comments if you have any questions on this Ninja Technique.. Thanks
Indicators/tools used for this strategy : Stoch , MACD , RSI and Bollinger bands 20 and 100 length.
Whenever we see confluence in all these tools we take entry with minimal stop loss. Its like when upper BB 20 crosses 100 and tries to reverse back and if we see Stoch , MACD , RSI too reversed from top or from bottom an entry can be taken. Other end of the band will be the target or middle band would be the target basing on the risk reward.
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Please do like and share this idea. Thanks