It can give 13% from NowYes, As per my technical analysis If any stock which trade over RSI 60. it will go up by 13%.
Same situation happens in AMBER.
AMBER gives breakout with RSI in last month. also it generates the cup pattern.
So the target will be 5610
Note: this is not a stock recommandation for buy or sell. this post for learning purpose only.
Relative Strength Index (RSI)
What is Rsi Indicator What Is the Relative Strength Index (RSI)?
The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overvalued or undervalued conditions in the price of that security.
The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. The indicator was developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, New Concepts in Technical Trading Systems.
I
Crossover Swing + Breakout Trade - HINDALCO๐ Script: HINDALCO
๐ Sector: Non Ferrous Metals
๐ Industry: Aluminum and Aluminum Products
Key highlights: ๐กโก
๐ Script is trading at upper band of BB and giving breakout of it.
๐ Script is giving Cup & handle Pattern Breakout on daily chart.
๐ Already crossover in MACD.
๐ Double Moving Averages are giving crossover.
๐ Right now RSI is around 66.
๐ One can go for Swing Trade.
โฑ๏ธ C.M.P ๐๐ฐ- 717
๐ข Target ๐ฏ๐ - 810
โ ๏ธ Stoploss โ ๏ธ๐ซ - 672
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
Lik
Advanced Divergence Trading"Welcome to SkyTradingZone "
Hello Everyone ๐
Video Information -
Hello , Everyone lets start the Journey of Advanced Divergence Trading
In this video, we are going to look at divergence.
What is divergence?
Divergence is basically
when the market is creating
higher highs and higher lows, and
the RSI is creating the opposite.
(Divergence can happen in
both downtrends and uptrends.)
----------------------------------------------------------------
Q What divergence does, it's basical
Union Bank of India- Weekly- Understanding RSIRelative Strength Index (RSI) is a momentum indicator. It shows overbought and oversold condition of a security or a index. Its interpretation is: 40 (oversold) and 60 (overbought) . In above weekly chart of Union Bank of India, you can see at encircled point it was in oversold zone in June 2022 and then it moved up. Presently, it is at 40 oversold zone and most likely it can take support from here. This is educational post and not any recommendation. It can be interpreted in different way also.
Swing Trade - GODREJIND๐ Script: GODREJIND
๐ Sector: Chemicals
๐ Industry: Chemicals
Key highlights: ๐กโก
๐ Script is trading at upper band of BB.
๐ MACD is giving crossover .
๐ Double Moving Averages are giving crossover.
๐ Right now RSI is around 64.
๐ One can go for Swing Trade.
โฑ๏ธ C.M.P ๐๐ฐ- 941
๐ข Target ๐ฏ๐ - 1000
โ ๏ธ Stoploss โ ๏ธ๐ซ - 908
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
Like and follow to never miss a new idea!โ
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training
Swing Trade - HINDPETRO๐ Script: HINDPETRO
๐ Sector: Refineries
๐ Industry: Refineries
Key highlights: ๐กโก
๐ Script is trading at upper band of BB.
๐ MACD is giving crossover .
๐ Double Moving Averages are giving crossover.
๐ Right now RSI is around 68.
๐ One can go for Swing Trade.
โฑ๏ธ C.M.P ๐๐ฐ- 407
๐ข Target ๐ฏ๐ - 432
โ ๏ธ Stoploss โ ๏ธ๐ซ - 393
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
Like and follow to never miss a new idea!โ
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for trainin
Double Bottom Breakout - Crossover - ANURAS๐ Script: ANURAS
๐ Sector: Chemicals
๐ Industry: Chemicals
Key highlights: ๐กโก
๐ Script is trading at upper band of BB.
๐ MACD and Double Moving Averages are giving crossover .
๐ Right now RSI is around 66.
๐ Script is giving Double Bottom Breakout on daily chart.
๐ One can go for Swing Trade.
โฑ๏ธ C.M.P ๐๐ฐ- 797
๐ข Target ๐ฏ๐ - 858
โ ๏ธ Stoploss โ ๏ธ๐ซ - 767
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
Like and follow to never miss a new idea!โ
Disclaimer: I am not SEBI Registered
Crossover - JKCEMENT๐ Script: JKCEMENT
๐ Sector: Cement
๐ Industry: Cement
Key highlights: ๐กโก
๐ Script is trading at upper band of BB.
๐ MACD and Double Moving Averages are giving crossover .
๐ Right now RSI is around 60.
๐ One can go for Swing Trade.
โฑ๏ธ C.M.P ๐๐ฐ- 4480
๐ข Target ๐ฏ๐ - 4715
โ ๏ธ Stoploss โ ๏ธ๐ซ - 4387
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
Like and follow to never miss a new idea!โ
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purpose
Bottom Fishing - TATASTEEL๐ Script: TATASTEEL
๐ Sector: Steel
๐ Industry: Steel - Large
Key highlights: ๐กโก
๐ Right now RSI is trading at 32 stock came out of oversold zone, one can go for Bottom Fishing.
๐ One can go for Swing Trade.
โฑ๏ธ C.M.P ๐๐ฐ- 160
๐ข Target ๐ฏ๐ - 174
โ ๏ธ Stoploss โ ๏ธ๐ซ - 151
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
Like and follow to never miss a new idea!โ
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat๐ Sleep๐ด TradingView
Multiple Indicator - TRIVENI๐ Script: TRIVENI
๐ Sector: Sugar
๐ Industry: Sugar
Key highlights: ๐กโก
๐ Script is trading at upper band of BB and giving breakout of it.
๐ MACD is giving crossover .
๐ Double Moving Averages are giving crossover.
๐ Right now RSI is around 71.
๐ One can go for Swing Trade.
โฑ๏ธ C.M.P ๐๐ฐ- 426
๐ข Target ๐ฏ๐ - 451
โ ๏ธ Stoploss โ ๏ธ๐ซ - 416
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
Like and follow to never miss a new idea!โ
Disclaimer: I am not SEBI Registered Advisor. My posts are pure
CAMS standing on a strong demand zoneCAMS has been in a downtrend from end of 2021. We can see on the chart that the stock is consolidating near a strong support of 2000 level.
RSI is forming higher lows which indicate strength of buyers at this level.
It looks attractive at CMP for a positional long trade for minimum target of 2300.However, a weekly closing below 2000 levels will have a sharp fall upto 1750 levels which is a major risk.
Kindly consider this idea for educational purposes and trade as per your own analysis.
The great potential stock detected.Yes, The great potential stock detected which is SUNTV.
The RSI > 60 also 3 white soldires and cup and handle pattern are detected.
So Based on cup and handle pattern Target will be 1145.
Note: this is not a stock recommandation for buy or sell. this post for learning purpose only.
Breakout in NOCIL1. **Price Movement**:
- The price has been in an uptrend since mid-2020.
- There was a consolidation phase that lasted from mid-2021 to mid-2023, forming a symmetrical triangle or a range-bound pattern.
- Recently, the price has broken out of this consolidation pattern to the upside, which is a bullish signal.
2. **Volume**:
- The volume spikes suggest significant trading activity during certain periods.
- A noticeable increase in volume during the recent breakout, supporting th
NIFTY DAILY - 10/6/2024Nifty opens with gap up and made All Time High which 23411 but didnโt sustain the upper level and made days that is 23227 level.
Nifty gave closing down by -30 points which is around -0.13%.
Index has formed a red body candle with long upper shadow which indicates participants were selling from higher level.
Currently RSI is trading at 58.
Nifty is not able to sustain above 23300 level so, further 23396 will work as resistance level with support of 23007 level.
Bank Nifty levels
Support โ 4
Double Moving Average Crossover - UBL๐ Script: UBL
๐ Sector: Alcoholic Beverages
๐ Industry: Breweries & Distilleries
Key highlights: ๐กโก
๐ Script is trading at upper band of BB and giving Breakout of it.
๐ MACD is giving crossover .
๐ Double Moving Averages are giving crossover.
๐ Right now RSI is around 68.
๐ One can go for Swing Trade.
โฑ๏ธ C.M.P ๐๐ฐ- 2035
๐ข Target ๐ฏ๐ - 2219
โ ๏ธ Stoploss โ ๏ธ๐ซ - 1950
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
Like and follow to never miss a new idea!โ
Disclaimer: I am not SEBI Regis
Moving Averages + MACD Crossover - DEVYANI๐ Script: DEVYANI
๐ Sector: Quick Service Restaurant
๐ Industry: Hotels
Key highlights: ๐กโก
๐ Script is trading at upper band of BB and giving Breakout of it.
๐ MACD is giving crossover .
๐ Double Moving Averages are giving crossover.
๐ Right now RSI is around 70.
๐ One can go for Swing Trade.
โฑ๏ธ C.M.P ๐๐ฐ- 170
๐ข Target ๐ฏ๐ - 191
โ ๏ธ Stoploss โ ๏ธ๐ซ - 160
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
Like and follow to never miss a new idea!โ
Disclaimer: I am not SEBI Registered Adviso
Crossover - IGL๐ Script: IGL
๐ Sector: Gas Distribution
๐ Industry: Miscellaneous
Key highlights: ๐กโก
๐ Script is trading at upper band of BB.
๐ MACD is giving crossover .
๐ Double Moving Averages giving Crossover.
๐ Right now RSI is around 63.
๐ One can go for Swing Trade.
โฑ๏ธ C.M.P ๐๐ฐ- 472
๐ข Target ๐ฏ๐ - 508
โ ๏ธ Stoploss โ ๏ธ๐ซ - 458
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
Like and follow to never miss a new idea!โ
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training
Crossover Trade - SOBHA๐ Script: SOBHA
๐ Sector: Realty
๐ Industry: Construction
Key highlights: ๐กโก
๐ Script is trading at upper band of BB.
๐ MACD is giving crossover .
๐ Double Moving Averages are giving crossover.
๐ Right now RSI is around 63.
๐ One can go for Swing Trade.
โฑ๏ธ C.M.P ๐๐ฐ- 1946
๐ข Target ๐ฏ๐ - 2113
โ ๏ธ Stoploss โ ๏ธ๐ซ - 1860
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
Like and follow to never miss a new idea!โ
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training a























