Relative Strength Index (RSI)
IOC | price is not moving but RSI is making HHStock is at strong support level , price is now at range and accumulation of share is must happening as volatility deceased
RSI is continuously making Higher High
Possible upside breakout will happen
targets are mentioned i.e 83
lot size = 5700
check out the other ideas as well
FOLLOW & LIKE & COMMENT
Essel Pack Bullish Bias Target 260Bullish Bias
RSI Divergence
Looks Positive
Can be Bought at CMP levels
Immediate target 260/265 Previous Gap may act as resistance
Stop loss 220/215
TI ==> Indicator in SBIN NSE In the above picture, you can see the area of the overbought area. but the Aroon didn't indicate that not a problem because TI and RSI indicate the overbought this is my idea: I use a different template in that TI indicates scalping and intraday trades. but it has a problem it can show the overbought. but it will not easy to understand so you can use ADX also here. but I use RSI for clear information many people use MACD but TI is better than MACD because it can also show convergence and divergence of stocks. TI is my own script but it covers more INDICATION.
this is my template: volume, Aroon, RSI and TI
I use aroon for a very little support only.
I recommend you a statergy of paper trade with a overbought indicator(I recommend RSI), Moving Average related indicator(eg:MACD,DMI)(I recommend TI my own script) and your favourite Indicator that is your choice because it is useful for your trading it can be a dummy indicator also but your favourite Indicator. comment for doubts..
BATA India Mean Reversion Setup
- Self explanatory & Annotated Chart
- Key Levels are Marked
- Enter at BO level @ 1340
- Exit at Target level @ 1445 , approx 7-8% upside
- Time Frame is few Days
- Stop Loss level for Risk as per your choice also mentioned
- High probability setup based on AVWAP Study + Multi Time Frame + Pattern + RSI
- Stock is Bullish on all time frames for a Mean Reversion (am not posting charts of other time frames but have a look for yourself)
Good Luck :)
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WRX is BULLISH AFRSI shows it is oversold right now. Aroon Indicator is indicating a trend reversal. And there's a major support at the current price. I'm going all in on this. See you on the other side !