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Relative Strength Index (RSI)

Muthoot Fin Short term viewMost of the time I given my views before breakout, by viewing indicators and having confident on that, So safer traders, can initiate trade after breakout (on closing basis) and risky traders can buy from this level. Daily MACD cut,Weekly MACD crossover, ADX loosening the negative bias,RSI and CCI are in positive mode helps to breakout and reach the target on coming days. One hour chart also favorable to enter at CMP. Vijayaraghavan.K, Kovilpatti.
NSE:MUTHOOTFINLong
by Vijayaraghavan
Problem with RSI1. No Entry - Exit Pair As clearly seen, RSI shows 3 OverSold or Long Entry Regions but do not show even 1 OverBought - Long Exit Regions. Price falls after each Long Entry Regions 1 and 2. False Buy Regions. Most of the traders have no clue on when to sell, if they buy at Entry Regions. 2. Remains in OverSold or Long Entry Regions for so long and Price is falling continuously. As seen, entered into OverSold region @ Low of 2835 and finally came out of the region @ Low of 2808 Again, Most of the traders have no clue on when to sell, if they buy at this entry regions. Either most of the traders will loose on profits, if at all they make or will make losses, as price is seen to be falling and no clear indication of Exit. ---------------------- Retracement and Reversal indicator 1. shows Red @ 2900 levels, RSI was not in OverBought Region. 2. does not show Green at Entry Point 1 and maintains Red. No false Buy Signals. 3. shows that this Entry Point 1 and Entry Point 2 are infact Retracements in a down trend as shown by "2. Single Level Retracement" - Gray regions. For more about Retracement and Reversal Indicator check out details at "Retracement and Reversal" indicator never predicts.
NSE:BAJAJ_AUTOEducation
by mehul1974
What is Divergence And How Does it Work ... For Learners ...Dear All , I am not A Professional in Share Markets But Sharing Knowledge always increases Knowledge of Everyone ... So , I am just Sharing About Possible Divergences of Share Price with RSI ... Basically , There are two types of Divergences :- (1) Positive/Bullish Divergence :- It is known By Joining Bottoms in A Chart And Comparing it with RSI or Any Indicator ... There are Two Possibilities in this Divergence :- : The Trend is Going Upwards & RSI is Slopping Downwards . : The Trend is in Downward Direction & RSI Slops Upwards . (2) Negative/Bearish Divergence :- It can be derived by Connecting the Tops in A Chart And Comparing it with RSI or Any Indicator . Similarly , It is Identified if :- : The Trend is Up And RSI Slops Down . : The Trend is Down While RSI Shows Upwards Movement . So That was From My Kitty ... You Can Apply Divergence Theory With Any Indicator ... It is Simply Awesome Tool for A Trader ... You All Should Keep it in Your Kitty ... Good Luck !!!
NSE:YESBANK
by Mohit_Jangir
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