It would be a good idea to check your risk management systems!
There have been only 4 instances in the last 20 years that 14-period #RSI has been above 85.
The sample size is too small & there's an element of hindsight!
But it definitely suggests we're at the extreme of the rally!
More from Hardik Upadhyay, CMT.
#Infy is o/s at previous consolidation and trendline support.
Is it a beginning of a trend reversal or just a pullback?
I believe it's the former!
We'll find out tomorrow!
#Infosys #Q4FY21 #FY2021 https://t.co/faOahvcgPK
Is it a beginning of a trend reversal or just a pullback?
I believe it's the former!
We'll find out tomorrow!
#Infosys #Q4FY21 #FY2021 https://t.co/faOahvcgPK
Key reversal bar...#Infy pic.twitter.com/3GeYoty9KZ
— Hardik (@tradingwithdyr) April 12, 2021
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