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Relative Strength Index (RSI)

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
IOLCP: Short& Mid term view BullishRef chart. MACD crossover may happen on upcoming days in daily chart. This will trigger to price shoot-up. In daily chart Indicators are turning bullish from bearish . In monthly chart indicators are continuing the bullish momentum last few months. From this level it may move the further upside. Targets are given by using patterns. ****Note: If you noticed my earlier views, most of the views given before breakouts by using indicators. Risk takers no issues but Safe traders can take the trade after breakout. Vijayaraghavn.K Kovilpatti.
NSE:IOLCPLong
by Vijayaraghavan