#Vedanta 263

At inflection point

I wait every month-end to get on board this money train

Issue is management wants to get this delisted

Else the long term technical setup is just mind boggling!!

Gave 200+X in just commodity bull

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.

#HindCopper 138

Thank me when it crosses 680!

Till then, do whatever you want to do man but don't trouble me 😀😄

#IEX 378

Had a negative divergence that has been sorted out. Its a fresh advance and weekly RSI at 69.60 is pretty strong to push the price higher in the short to medium term

https://t.co/8In44p3Sab

#HC 154

Can show a breakout move in the second

#Praj 323

Retest complete

Falling wedge formation visible

RSI rising (Hourly chart)

https://t.co/Nhbvzeu2IA