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Tagged: Moving Average, NIFTY, RSI
The first image of NIFTY is for RSI Indicator. It shows us that during the non trending zone, the RSI crosses 70 mark and lets us know that the stock is overbought and a good time to take a short position as a bearish movement is expected.
The second image shows NIFTY Moving Average Indicator. It shows that during the trending zone, the prices are usually above the average line in a bullish movement and the prices are usually below the average line during a bearish movement. The two arrows give an example of both bullish and bearish movement.
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