NDTV – RSI
RELATIVE STRENGTH INDEX IS A TECHNICAL INDICATOR. THIS SUPPORTS THE DECISIONS TAKEN BY INDICATING THE DIRECTION. THIS IS VERY GOOD DURING SIDEWAYS MOVEMENT. IT SHOWS OVER BOUGHT AND OVER SOLD POSITION. AT OVER BOUGHT POSITION A SHORT POSITION CAN BE CREATED WHEN PRICE GOES BELOW 70 MARK DUE TO OVER BOUGHT POSITION. SIMILARLY WHEN PRICE CROSSES UPWARDS ABOVE 30 MARK LONG POSITION CAN BE CREATED.
PLEASE REFER ATTACHED CHART. THE COMPANY IS NDTV. SHORT POSITION CREATED.
ENTRY PRICE – RS 60
STOP LOSS – RS 68
TARGET PRICE – RS 52
DURATION – 15 days
Hi sir,
The description is elaborate which makes example easy to understand.
Thank you Mr. vignesh
GOOD