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GAL (GYSCOAL ALLOYS LTD) - Long
Price will move up till he trendline on RSI. If the price breaks that trendline then price
will move much higher and you need to exit if it retraces from the RSI.
RSI broke the trendline on 24th November 2016 and price moved considerably.
Trend is your friend. Price is above 200 and 50 SMA, suggesting an uptrend.
RSI is bouncing of the bottom trend line.
RSI has to cross 50 level before we enter the market.
Buy signal will be generated as soon as RSI crosses 50 level
Script should be sold as soon as it reaches near top trendline in RSI.
If It breaks the top trendline than the scipt can be bought again.
Please follow money management rules