Monthly RSI entering 50 is supposed to be strong. It can give us a multibagger over a period of 1 year or so. Enter once RSI sustains over 50. Exit upon RSI reaching 80 on monthly charts only. 5 March 2021 CMP - 242.35 Target - at least 100% in 1-2 years! Stop Loss - Rs.205/- RSI above 50 is not my strategy. Video Link in Related Ideas at bottom. I am taking...
RSI divergence is good indicator of bottoming out. JSL Hisar is near 200EMA. Target of 150 It might make one last swing low till then SL of 105(200EMA) can help work out R:R
The relative strength index (RSI) is a momentum indicator used to measures the magnitude of recent price changes to evaluate overbought or oversold conditions RSI now in above chart shows neutral momentum between 45-55 ADX is majorly used by traders to see the strength of a trend it does not tell if the trend is up or down but says how strong is the current...
It loosing the grip from bearish side. Indicators are showing positive signals. It may go further upside on upcoming weeks/Months. Vijayaraghavan.K, Kovilpatti.
On the 4hrs chart, bullish divergence seems to form. It would be interesting to see how DXY moves in the coming weeks.
Sail has bullish divergenceon 2hr TF with a major support at 56 currently in weekly demand zone...
levels clearly mentioned in the chart nifty opened gap uply & nifty was consolidated yesterday. today can see a breakout or breakdown there is chance for gap filling but note that after the gap filling can see a sudden recovery in nifty. so short sellers beaware.. any way i am bullish on nifty for the day. and I expecting sell side only below 14990 thanku
Hindalco Trading in an ascending patten, Breakout of all time high happened today *** Purely personal analysis *** Investment in securities is subject to market risks. Kindly consult your financial advisor before investment
CNXIT(25503) - Has failed the pullback and confirmed breakdown. Target 24310.
SBIN(399) - Smart money has moved price higher to lock the profit takers around 330 region. As posted earlier, we will be keeping Our shorts below 408 and a breakdown of 393 for target 330. Though signals have confirmed breakdown, will be adding more positions on price breakdown confirmation.
IRCTC > 1730 Bullish piercing . In momentum above 1770 will become ROCKET
On the Daily Chart copper is looking strong and also it has shown small profit booking in the morning session now if it will shift above 644.50 then it may go upside till 647 and 652. Low risk trader can go long above 644.50 with stop loss of 642.20 and safe stop loss will be day's low 641.50.
Varun Beverages at Recent Support and having MACD Crossover
Stocks looks good for long as per MACD Crossover and Stock taking support at 200 EMA so with Stoploss below 200 EMA it looks good to go Long at CMP
Targets are marked in blue, they can act as support/resistance ... Trade what you see. Book profits at every target or trail SL some points above/below target.
based on over bot concept looking for profit booking from here rsi - 84 + = overbot lower volume candles note - risk based view since there is still somewhere momentum towards bullish side disclaimer - trade @ own risk