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Relative Strength Index (RSI)

Eicher Motors breakout retest with RSI 60—a good long candidate?NSE:EICHERMOT is retesting its breakout zone with RSI at 60 and support at 13DMA (not pictured here). FIB extension targets are highlighted. First resistance can be 2800 (also happens to be 23.6% FIB). A few auto stocks seem to be in momentum and have retraced so the sector seems to be in a good mood, too. If we observe, Eicher had formed an H&S, took support and is now retesting around the left & right shoulder levels. Stop can be placed below 2700, around 2670-2680.
NSE:EICHERMOTLong
by MarketsWithKR
4
Lincoln Pharma reversing?NSE:LINCOLN retraced till 23.6% FIB level and appears to be taking support now. RSI has also bounced up from 40 and is now above 50, aka in the bullish bias zone. Interestingly, the support zone is right at a previous high. Risk is limited as a failure to hold the 23.6% level or the previous high can negate the view. The pharma index, NSE:CNXPHARMA , saw good support today and RSI has bounced up from 60 which might indicate that the sector is readying for the next leg of its bull run.
NSE:LINCOLNLong
by MarketsWithKR
Gujrat Gas Breakout 1D chartSo I am taking this trade on my basic 'Atleast 3 reasons to take a trade rule'. All of these reasons are based on technicals and indicators. Reasons --------------------- 1. Breakout in Daily charts with high volume. 2. Breakout of 0.382 Fibo levels. 3. Both RSI and MACD suggesting an upmove. 4. Share price crossed 20 DMA while being significantly above 100DMA & 200DMA 5. It has crossed 20 MA, 100 MA, & 200 MA on 30m chart I would suggest a strong buy on this stock but this is just my view. Analyze and fact-check everything yourself before taking a trade
NSE:GUJGASLTDLong
by Anwar_Khan
1
HDFC, Swing/PositionalHDFC has given a breakout from falling wedge and has been taking support from 50 EMA . Even after the falling wedge breakout, 2605 seems to be a rejection region where one or two gap up openings could not sustain. A closing above 2605 with good volume can be traded for a swing or positional trade for first target of 2768 and second target of 2888. Some good indicators of HDFC possibly achieving target is support of 50 EMA , RSI above 50 suggesting a buy signal and if you look closely you can see a rounding bottom pattern forming which i haven't highlighted in my idea, but it can be seen. If you enter after a breakout from the 2605 region. Stop loss can be set just below 50 EMA for swing. Make sure to trade what happens and not what you expect :) Note: Please do not follow my idea blindly, please analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
HLong
by dakshjain76
Radico Khaitan, Buying Opportunity..!!As of 20/5/21 Current Trend: Sideways Resistance levels: Around 566 price levels (Broken today with volume) Patterns formed: Flag pattern Single candlestick pattern: Bullish marubozu RSI: 66 MACD: Short line over Long line Analysis: Flag pattern's upper resistance level, as well as horizontal resistance level, is broken on 20/5/21 with very high volume and a bullish marubozu candlestick pattern is also formed. Moreover, RSI is above 60 and MACD is also giving a positive signal. 5 Day MAE is also above 13 days and 26 days Exponential moving average. All such indications suggest going for a long position (Buy). **A slight correction can be seen in the stock price in the coming days up to 578-580 levels before moving in the upward direction. Stoploss should be around horizontal resistance level.. ie. 565-567 price levels. The initial Target can be up to 10%. NOTE: Buy the stock only when the overall market is positive. If the market tomorrow opens negative, then chances are that the stock will correct up to the mentioned level. Feel free to comment below your ideas..
NSE:RADICOLong
by nipun_garg7383
2
RBL --- Monthly RSI in 50 rangeMonthly 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 position in RBL when RSI crosses and stays over 50 for 1-2 days. I will update in the comments section.
NSE:RBLBANKLong
by kolhatkarspms
1