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Relativestrength

GLENMARK- Relative Strength says Buy!Attached: Glenmark/ Nifty 50 Weekly Chart as of 31st March 2023 This Relative Strength (Ratio) Chart clearly shows the Outperformance of Glenmark over Nifty 50 has Started! The Ratio Chart has given an Inverted Head & Shoulders Breakout with this Week's Candle Close If you compared Glenmark and Nifty 50 both on a Year To Date basis for 2023, then we get: Glenmark= Up 9.56% YTD Nifty 50= Down Down 4.12% YTD What this Means is that: Going forward expect Glenmark to keep Outperforming Nifty 50 Your Money is better off Invested in an Outperforming Stock instead of Index Nifty 50 Glenmark Pharma can be one of the Leading Stocks for 2023 This has clear BULLISH Implications for the Stock Price ................. Refer to my Related Ideas to see the Analysis of Glenmark's Price Chart which also has Bullish Implications like this Ratio Chart
NSE:GLENMARKLong
by T_Harth
4
SILVER- Relative Strength says Buy!XAGUSD Another Bullish Signal for Silver🥈 Attached: XAGUSD/ Nifty 50 Weekly Chart as of 31st March 2023 - This Relative Strength Chart indicates that the Outperformance of Silver over Equity (Nifty 50) has started 📈 -It is similar to the Signal on Gold🥇 that I had shared on New Year's Day and you can see how fabulously well that Gold Buy Signal played out for us ‼️ - Expect the same for Silver as I have been saying that Silver has to catch up with Gold So if Not Already in Silver, Get In As Soon As Possible or you will miss the Move 🚀! Note: In my previous post on Silver, I highlighted an Inverted Head & Shoulder Breakout BUY SIGNAL Since that post, Silver is up 6.60% and counting....
OANDA:XAGUSDLong
by T_Harth
This auto ancillary stock has broken out of consolidation!NSE:GNA GNA Axles is an established company in the automobile component space with wide variety of products for the 4-wheeler auto industry. Total revenue, net profit and earnings have been growing impressively for this company in last 12 months. EBITDA and Net margins are also on the growth trajectory. Promoter holding pattern is healthy, albeit with a little bit of pledging <~5%. On the leverage front, debt to equity ratio is good with more than sufficient interest coverage. Price hit a 52-week high breaking out of a consolidation base with heavy volumes. Relative to the benchmark index, price is showing good strength and in an uptrend. Source: tickertape.in, screener.in Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
NSE:GNALong
by UnknownUnicorn23435789
What Is the RSI Indicator & RSI DivergenceRSI - Relative Strength Index Indicator: The Relative Strength Index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. It is important to note that the RSI does not indicate whether a stock is a buy or a sell; rather, it provides insight into the current trend of the stock. The RSI is a versatile indicator that can be used by traders of all levels and can be adapted for any style of trading. For example, a trader may use the RSI to identify support or resistance levels, or to spot divergences that can be used to predict future price movements. The RSI can also be used to locate potential trading opportunities by looking for overbought or oversold conditions. Furthermore, the RSI can be used in combination with other indicators, such as moving averages, to gain a better understanding of the market’s overall trend. Formula of RSI: The RSI is calculated using a formula that compares the magnitude of recent gains against recent losses over a specified period. The formula for the RSI is: RSI = 100 - (100 / (1 + (Average of Upward Price Movements / Average of Downward Price Movements))) What is periods in RSI: Periods in RSI (Relative Strength Index) are the number of time periods used to calculate the RSI. The most commonly used period for RSI is 14, but other periods such as 7, 9, and 25 are also used. This number represents the number of time periods that are used to calculate the RSI, so a period of 14 would mean the RSI is being calculated using the last 14 time periods. RSI divergence: RSI divergences are a type of technical analysis used to identify potential trend reversals in the markets. They are based on the Relative Strength Index (RSI) and are used to spot potential trend reversals before they occur. A divergence occurs when the price of an asset makes a higher high, but the RSI makes a lower high. This suggests that the current rally is losing momentum and may reverse course. Similarly, a lower low in the price and a higher low in the RSI may signal an impending rally. Divergences are best used in conjunction with other technical indicators and analysis to confirm price action. It is also important to keep in mind that divergences do not always lead to reversals and may simply signal a period of consolidation before the price continues its current trend. Divergence Cheat Sheet / Types of Divergence:
Education
by AfnanTAjuddin
1
SHREYAS Shipping & LogisticsLogistics sector is doing very good and government main focus is on this sector to low down the costing of logistics to improve it and increase export from INDIA Results are very good for shreyas shipping and there is positive relative strength building on the Technical chart Buy small quantity around cmp 311 with SL of 300 DCB Add more quantity if upmove sustains and trail your SL accordingly * Follow10-10 Rule Do not invest more than 10% of your total capital in one stock to avoid big losses
NSE:TRANSWORLDLong
by investingbar
3 periods Relative Strength When near, intermediate & far period relative strengths get into sync just like moving averages, it shows maximum trend strength. lets say ... near rs crosses 0... 1pt interm also crosses 0... 2pts far also crosses 0... 3pts i use 10 21 55 time periodes which are selected as they will be in sync with my Rsi indicator settings of 10 21 rsi crossover. Disclaimer: it's just educational purpose about Relative strength and link between different time periods.
NSE:TATAMOTORSEducation
by VarunNeel90