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Overbought

Union Bank of India- Weekly- Understanding RSIRelative Strength Index (RSI) is a momentum indicator. It shows overbought and oversold condition of a security or a index. Its interpretation is: 40 (oversold) and 60 (overbought) . In above weekly chart of Union Bank of India, you can see at encircled point it was in oversold zone in June 2022 and then it moved up. Presently, it is at 40 oversold zone and most likely it can take support from here. This is educational post and not any recommendation. It can be interpreted in different way also.
NSE:UNIONBANKLong
by PowerOfTA
1
USDT.D FORMED BEARISH PENNET HUGE CRYPTO BULLUSDT.D has formed a bullish pennant pattern, and the daily RSI is in the overbought area. At the same time, the weekly RSI trendline has been rejected. This indicates a likely decline for USDT.D, giving the crypto market a chance to move upwards—a bullish sign for BTC and crypto. 🚀📈 #USDT.D #Crypto #CryptoMarket #BullishPennant #RSI #Overbought #MarketAnalysis #CryptoTrading #Bitcoin #BTC #Altcoins #Bullish #CryptoInvesting #TechnicalAnalysis #CryptoSignals
CRYPTOCAP:USDT.DShort
by crypto_vulture_signals
Oscillate The Right Way: RevisitedFor all the basic stuff that I am using in this post, you will have to visit the following idea. This post is in continuation of SBI weekly divergence study.. Abbv. used: Overbought -- OB Oversold -- OS Divergence -- Div A-- OB B-- Div after OB at A C-- Double top and Div Multi week correction back to support D-- OS at support and very sharp rally due to news E-- OB in the same news candle Multiweek correction back to support F-- OS and Div at support Multiweek rally to previous highs G-- OB H-- Div Price still rallied and made new highs Later a very sharp fall back to support I-- OS J-- Div at support Price rallied sharply to the high of point E K-- OB L-- Div At L we have similar condition as we had at E. These conditions may pull the price back to the high of E at around 350 to find some support. Some observations: # Div not always lead to an immediate fall. Once it is OB/OS conditions, one may have to look for div trades on lower timeframes like daily. # One should not force trades and let the price take its course of action and reveal hands (eg at H) # Price action at lower timeframes should be given equal importance. # Div after OB/OS conditions works great. # Sharp rallies which take old highs in just one or two weeks plus OB conditions means caution. Same is true for sharp falls. # Div trades look very simple in the hindsight but as per my experience they are not that easy to trade in the live market. I hope this will add to your knowledge. Regards JJSingh
NSE:SBIN
by Bravetotrade
4
#LETSTALKABOUTMARKETS - JSW STEELThe stock has rallied almost 33% in the last 2 months, there needs to be a correction or consolidation phase. One needs to be cautious not to enter long at this point as technical indicators suggest a short set up. 1. RSI negative divergence - The price is increasing at a very fast pace but the strength index is not following the path as indicated in the chart. 2. Bollinger Bands - The stock should close below the Bollinger band and might drift towards the average line. One can take a short set up with a strict Sl at 333 with a target of 300. This is purely for educational purposes.
NSE:JSWSTEELShort
by je_sh
Amber enterprises showing false breakout?Amber enterprises showed a breakout yesterday and many buyers entered here because of the breakout But do you know it's a false breakout? lines reference: dark blue-resistances cyan blue-supports yellow-both acting as support and resistance. Guys please first like and comment :) -------------------------------------------------------------------------------------------------------------------------------- Ok...Now I was telling that amber enterprises has shown a false breakout because: 1) the stock form Abandoned Baby bearish candlestick pattern which forms only on a false breakout and doesn't form on a true breakout. 2) the stock came in overbought zone. 3) Although the stock breaked all the resistances but the resistances are so strong that they are pulling the stock to the consolidation channel. 4) The stock also made a new resistance here after this false breakout. _____________________________________________________________________________________________________________________________ Alert for you guys :) please do like and comment as I give you profitable Ideas :)
NSE:AMBERShort
by Aniketyourtechnicalanalyser
2
DIXON TECHNOLOGIESDIXON has run up from 2990 to 6666 i.e. 123% in merely 4 months. So there is no denial in the power this stock has to run further. Targets and time frame cannot be predetermined so the best thing to do in such a situation is buy in SIP and always ride the stock with a trailing Stop Loss. I see a buying opportunity between 6150 and 6300. However if the price breaks the channel on the downside then be cautious to see if it takes support near the next support dotted line. The RSI is also presently in the overbought zone.
NSE:DIXON
by CannySunny
24