Rocket Stocks for Swing and Positional

[Learner.89]

Read the thread given below....if oscillators stay in overbought territory for more than 5 bars, it means it will go up a lot more.....the thread precisely talks about that.....

https://www.traderji.com/community/threads/how-to-trade-with-an-oscillator.30182/

Smart_trade

Sorry for my stupid question but what do you mean by bars in RSI graph.
For example in the chart which sanju005ind has posted for Birla Cable above does bar mean the actual price bar (candle stick)?
Or can we get RSI bars too using some setting in chartink website?

 

[Smart_trade]

Sorry for my stupid question but what do you mean by bars in RSI graph.
For example in the chart which sanju005ind has posted for Birla Cable above does bar mean the actual price bar (candle stick)?
Or can we get RSI bars too using some setting in chartink website?

Please read the thread fully ...it will take few days to read .It will clear all your doubts.Once the concept is understood, it will help you a lot in your trading career.It has helped me a lot too.....

Smart_trade

 

[Learner.89]

Please read the thread fully ...it will take few days to read .It will clear all your doubts.

Smart_trade

Will read, the problem is since the charts are missing i can not actually see what you intended by word "bars".
How do i count number of bars since i am getting a continuous graph of RSI.

 

[Smart_trade]

Will read, the problem is since the charts are missing i can not actually see what you intended by word "bars".
How do i count number of bars since i am getting a continuous graph of RSI.

Bars are price bars which correspond to the oscillator being in overbought/ oversold territory.

ST

 

[kingkrunal]

Havells Looks promising.Has a nice structure. First target 715.

View attachment 30818

great thread.. thanks for sharing

also -- how this behaves in daily charts ?
thanks

 

[nitingosavi]

Read the thread given below....if oscillators stay in overbought territory for more than 5 bars, it means it will go up a lot more.....the thread precisely talks about that.....

https://www.traderji.com/community/threads/how-to-trade-with-an-oscillator.30182/

Smart_trade

Thanks ST Sir,
Dunno how i missed this thread, while I use oscillaters very often.

Sent from my vivo 1801 using Tapatalk

 

[sanju005ind]

great thread.. thanks for sharing

also -- how this behaves in daily charts ?
thanks

For now it is still consolidating .Never closed below the 5EMA(Pink line).Look at the steepness of the MA.But if the overall market conditions change then we may never know.

 

[afin]

Now we are ready for some discussions. I know that many players dont like monthly charts.But with the information in hand one can get in lower timeframe also and play accordingly.

In my current situation, this is my perfect cuppa coffee

Intraday currently would be my road to ruin and I am avoiding it completely. Real money is in swing trades and long term investments. It is a game of little patience and I think am up for it.

This thread is awesome!

 

[sanju005ind]

Birla Cable is one that can be taken.

View attachment 30873

Today again locked at 5% Upper circuit.

 

[prabhsingh]

Range of Momentum ?? You mean the Momentum indicator ?

When i say Range of Momentum i meant to say Range of RSI as a momentum indicator.

So 80-40 can be called as Bull zone and stocks should not be sold just because its in overbought territory.Infact it shows its bullishness if its in this bullish zone.