#CopperFUT 4.52

Can fall some more till 4.43 where it would find strong support and the next advance

Just a random analysis with weekly

A Tattoo has been posting selective screenshots of my Tweets to this followers to showcase how I do not know how to use RSI.

While he runs his shop showing other people down, here are the basics for the wise:

1) RSI above 70 gets into overbought zone but it's the crossover from

the 60s to the 70s that gives the maximum thrust.

2) Daily RSI gives a good thrust but that can stay short-lived. It's the weekly/monthly RSI crossover into the 70s that provides a more sustained thrust

3) During the weekly crossover, daily RSI might reach astronomical levels

Many a times into higher 80s or early 90s. So in a shorter time frame this daily RSI would try to correct but since the weekly RSI is getting stronger, these dips would be shallow and short-lived and price would try to move higher again.

You would have seen such a behaviour in Wockhardt. Price hit a 20% and then went another 10-12% higher which heated the daily RSI and the price corrected sharply on day 3.

4) But because the weekly RSI was getting a crossover into the 70s, price reversed quickly to hit 10% more.

5) Now when this weekly RSI becomes heated, that is when the price might make a medium term top. Again, if the monthly RSI too gets a crossover into the 70s then the stock can continue to perform well for a few months till the monthly RSI gets heated.

Those who attended yesterday's webinar might be familiar now!!

It's not as difficult as it looks!!

https://t.co/wlp0PRyLzU

#HindCopper 168

#Nifty 17335

Rising Wedge pattern

Once this wedge breaks down, the retracement levels are marked on the chart. These are the levels where Nifty can take support and bounce higher. Move still playing out. I continue to be bearish short

#HindCopper

Long term monthly

hind copper

trying to form leg D

seems like had created a small base at 135 levels

can give a good run up

one can add here at 154 for 183 - 192

keeping sl 133 clbs

STOCK ANALYSIS- #hindcopper - A MONOPOLY THAT CAN BECOME REALLY BIG IN THE YEARS TO COME.

https://t.co/9DJr8vDp5d

#HindCopper 5 min chart

Traders delight

Falling