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Best way to use #RSI for Trading
What is RSI indicator?
RSI is used on price to identify oversold and overbought market conditions. In relative terms, when RSI line touches the 30 line, price is said to be oversold. When RSI touches the 70 line, price is said to be overbought.
What is RSI indicator?
RSI is used on price to identify oversold and overbought market conditions. In relative terms, when RSI line touches the 30 line, price is said to be oversold. When RSI touches the 70 line, price is said to be overbought.
Problem of using RSI traditionally is that in heavily trending market #RSI can remain oversold and overbought for a considerably long duration. Consider example of #TATACHEM for example. If you keep selling because of RSI Oversold, you can continue to make losses. 
So the proper way is to use RSI + Divergence.
What is RSI Divergence? When price is moving in opposite direction of the RSI.
1. Near 70, Price is making Higher Highs & RSI is making Lower Highs; or
2. Near 30, Price is making Lower Lows & RSI is making Higher Lows.
What is RSI Divergence? When price is moving in opposite direction of the RSI.
1. Near 70, Price is making Higher Highs & RSI is making Lower Highs; or
2. Near 30, Price is making Lower Lows & RSI is making Higher Lows.
#Technical_Learning_Jay
Don't know or understand or confident in technical analysis. Sharing here the easiest way to apply technical. I will share recent, 47 scripts which have touched ATH due to these conditions:
Don't know or understand or confident in technical analysis. Sharing here the easiest way to apply technical. I will share recent, 47 scripts which have touched ATH due to these conditions:
Conditions for trading ATH counters:
1. More number of upward curves at ATH, even without price contractions. Not to be confused with VCP but if it has VCP footprints, best case scenario.
2. RSI above 70, if nearing 80 is the best case scenario.
1. More number of upward curves at ATH, even without price contractions. Not to be confused with VCP but if it has VCP footprints, best case scenario.
2. RSI above 70, if nearing 80 is the best case scenario.
3. Bullish RSI divergence confirms the breakout at pre-breakout.
4. Increased volume activities, even red candles are included.
5. Time for the maturity of the trade will be from 1 - 5 months.
6. Keep time SL or SL also in place in order to switch to new trade.
4. Increased volume activities, even red candles are included.
5. Time for the maturity of the trade will be from 1 - 5 months.
6. Keep time SL or SL also in place in order to switch to new trade.
Best Buying Levels for all #Nifty50 #Stocks as per Demand Zone:
1️⃣ #ADANIPORTS: ₹562
2️⃣ #ASIANPAINT: ₹2,552
3️⃣ #AXISBANK: ₹620
4️⃣ #BAJAJFINSV: ₹10,445
5️⃣ #BAJAJAUTO: ₹3,280
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Tags:
#StockMarket #NSE #Nifty #Trading #Investing #sharemarket
Thread🧵(1/11)
1️⃣ #ADANIPORTS: ₹562
2️⃣ #ASIANPAINT: ₹2,552
3️⃣ #AXISBANK: ₹620
4️⃣ #BAJAJFINSV: ₹10,445
5️⃣ #BAJAJAUTO: ₹3,280
Save it for later ✅
Tags:
#StockMarket #NSE #Nifty #Trading #Investing #sharemarket
Thread🧵(1/11)
Best Buying Levels for all #Nifty50 #Stocks as per Demand Zone:
6️⃣ #BAJFINANCE: ₹4,668
7️⃣ #BHARTIARTL: ₹552
8️⃣ #BPCL: ₹255
9️⃣ #BRITANNIA: ₹2,534
🔟 #CIPLA: ₹850
Save it for later ✅
Tags:
#StockMarket #NSE #Nifty #Trading #Investing #sharemarket #Trader #OI
Thread🧵(2/11)
6️⃣ #BAJFINANCE: ₹4,668
7️⃣ #BHARTIARTL: ₹552
8️⃣ #BPCL: ₹255
9️⃣ #BRITANNIA: ₹2,534
🔟 #CIPLA: ₹850
Save it for later ✅
Tags:
#StockMarket #NSE #Nifty #Trading #Investing #sharemarket #Trader #OI
Thread🧵(2/11)
Best Buying Levels for all #Nifty50 #Stocks as per Demand Zone:
1️⃣ #COALINDIA: ₹163
2️⃣ #DIVISLAB: ₹3,154
3️⃣ #DRREDDY: ₹3,365
4️⃣ #EICHERMOT: ₹2,431
5️⃣ #GRASIM: ₹1,221
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Tags:
#StockMarket #NSE #Nifty #Trading #Investing #sharemarket #BSE
Thread 🧵(3/11)
1️⃣ #COALINDIA: ₹163
2️⃣ #DIVISLAB: ₹3,154
3️⃣ #DRREDDY: ₹3,365
4️⃣ #EICHERMOT: ₹2,431
5️⃣ #GRASIM: ₹1,221
Save it for later ✅
Tags:
#StockMarket #NSE #Nifty #Trading #Investing #sharemarket #BSE
Thread 🧵(3/11)
Weekly NIFTY50 analysis thread.
September Week4.
All posts are for educational purposes.
September Week4.
All posts are for educational purposes.
Will be posting TA of all #nifty50 stocks in this thread. Any comments, suggestions are welcome!
