#DEEPAKNTR - deepakntr 1986 - TradingView -

apollo hospital stage counts stage 2 almost all count completed and bearsih breakdown from stage 3 ( top )

Asian paints reversal (hammer) from the support/demand zone. SL 2870 for cash..What's your view? @shivaji_1983 @moneyworks4u_fa @dtbhat #stockstowatch #stocks #Asianpaints

#RSI is a common indicator which most of us use in the stock market.

This learning thread would be on
"𝙐𝙨𝙚𝙨 𝙤𝙛 𝙍𝙎𝙄"

Like👍 & Retweet🔄 for wider reach and for more such learning thread in the future.

Also, an investment strategy is shared using RSI in the end.

1/16

Setup 1:

RSI- commonly used to show whether price is overbought or oversold.

General rule:
𝐑𝐒𝐈 > 𝟕𝟎 -- 𝐎𝐯𝐞𝐫𝐛𝐨𝐮𝐠𝐡𝐭
𝐑𝐒𝐈 < 𝟑𝟎 -- 𝐎𝐯𝐞𝐫𝐬𝐨𝐥𝐝

One becomes cautious once price becomes overbought and optimistic when price becomes oversold.

2/16

Let's understand this with an example of Laurus Labs:

1. It was in overbought zone and after a few days when a small dip was seen from 693 to 588 (15% downside)

2. It was in oversold zone and after a few days when a small rally was seen from 59 to 107 (82% upside)

3/16

Well, this looks very easy, but it is not.

When a price is in overbought zone and is in momentum, then it can move up without taking a dip and exiting or shorting stock would prove wrong.

When IRCTC was in overbought zone, price went up from 2718 to 6396 (135% rally).

4/16

Similarly, for oversold stock.

When a price is in oversold zone and is crashing, then it can move down without taking an upmove and buying stock would prove wrong.

When DHFL was in oversold zone, price went down from 126 to 11 (91% crash).

5/16

#ICICIBANK
Bullish pennant in the making

2021 most of the knee jerk reaction comes in second half of the series near 21st of every month.🧐🧐

Looks more weakness ....

#Kotakbank cmp 2185
* It has finally made a decisive move post breakout
* The chart pattern indicates steady up move to
continue
* Upside potential 2400+
* Support zone 2130-2070
#stocks #trading #stockstowatch @religareonline

@Kunaljain_007 #HDFCBANK
Flag & pennant formation

#radico
Near Perfect Pattern after a strong range breakout recently

#HDFC
* Major consolidation breakout today; now at new record high
* Pattern indicates positive trend to continue
* Support zone 2880-2850
* Upside potential 3100-3400
#BREAKOUTSTOCKS #trading #investing #StockMarket @religareonline

Result Stocks 22nd Oct 2021-

#KOTAKBANK - Late night Technical analysis talk - TradingView -

#HDFC just keep eye on 2870-2900 range..above this rocket