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Rsioversold

!!CANARA BANK ON THE WATCH!!TECHNO WATCH CANARA BANK IS LOOKING GOOD FOR A POSITIONAL TRADE AS RSI HAS REVERSED FROM OVERSOLD ZONES WITH STRONG FORCE AND MACD IS ON THE VERGE OF A POSITIVE CROSSOVER RESISTANCE IS NEAR 210-214 WERE ONCE TAKEN OUT WILL LEAD TO RE-ENTRY INTO THE CONSOLIDATION ZONE OF 213-293 SO GOOD POTENTIAL RETURNS AHEAD !!WATCH OUT!! !!FOR TRADE CALL!! !!PLEASE NOTE TRADE WITH CAUTION AND AT YOUR OWN RISK PROFILE!! !!PLEASE DON'T OVER TRADE!! !!LIVE TO FIGHT ANOTHER DAY!! !!HAPPY TRADING!!
NSE:CANBKEducation
by manavtechresearch
TRADERS DELIGHT (JUL) AND A POSITONAL MIGHT (SEPT)SMART INVESTORS WILL ACCUMULATE AT THESE LEVELS STOCK HAS RETRACED MORE THAN 61.8% AS A TRADER TRADE FOR SHORT COVERING AS A POSITIONAL TRADE ACCUMULATE AT THIS LEVELS TRADER CALL JULY FUTURES BUY@107(WAIT FOR IT STOP@104 TARGET@120 LOT:4000 QTY:2 POSITIONAL CALL SEPTEMBER FUTURES BUY@107 STOP@99.20 TARGET@135 LOT:4000 QTY:2 NOTE: STOCK HAS FORMED A STRONG MARABUZO CANDLE WAIT FOR THE ENTRY PRICE YOU WILL GET IT TOMORROW LONG-TERM CAN WE BUILD FOR BIG TRADES BY BUYING IN OPTIONS
NSE:ASHOKLEYLong
by manavtechresearch
Overbought and Oversold RSI - The Myth !Generally, When RSI shows values higher than 70 or below 30, this is to considered as stock or index is overbought or oversold. But that's not always the case. As we just learned In The Introduction : Relative Strength Index (RSI) that a high RSI means that there were more bullish candles then bearish candles. As stock or index can't go up or down in straight line there will be some pullbacks. IF RSI gets Overbought or Oversold and we get a minor pullback in prices then it must not be considered as a reversal in direction. It Can be dangerous to believe that just because the RSI shows overbought or oversold condition then its time to sell or buy. Once we understand What RSI really does, Overbought and oversold conditions must not be a signal of reversal for us which indicate that price will change its direction. It's a myth and we may miss out on a lot of bigger moves on those momentum stocks. Following example is a perfect case of Overbought And Oversold RSI And still price continued its Main Direction on Weekly, Daily and on 15 Minutes Charts as well. Example 1) When Price was at 500 levels RSI did show overbought Conditions and From that, it remained in overbought zone for a long time and price rallied almost 5 times to 2500 levels. Example 2) RSI was Oversold When Price was around 880 and Since then it made a low of 670 Almost 25% fall remaining in Oversold Conditions. ( Daily Chart ) Example 3) Nifty on 15 Minutes Chart Since when RSI Went below 30, Oversold condition and Nifty gave up another 300 points from there. Example 4) Banknifty Rallied almost 700 Points Since RSI showed Overbought Condition. ( 15 Minutes ) The RSI done not provide signals to buy when it is overbought or oversold. It simply means that the prices are very strong or very weak. I know that most of experience traders are here who already knows this things. Thank you, EEz
NSE:VENKEYSEducation
by Equity-Earningz
3
Buy Nifty @ 9845 (CMP) with a SL of 9645 and target of 10080NIFTY seems to be following in Channel as shown in Chart, Similarly if you see on RSI similar to trading range there is expanding triangle and recent fall was with higher velocity which brought RSI to over sold zone. So I believe there will be this final up trend rally in NIFTY before we can witness a healthy correction. This Rally should also be as swift as the fall to confirm the final uptrend rally. So I want en-cash on this swift movement but going long on NIFTY. NIFTY as indicated through arrows has given minimum 5 % returns whenever it has touched the bottom of the channel. So again this supports our view to go long on NIFTY.
NSE:NIFTYLong
by RITESH_TMR