Idea is to find cinfirmation from the Indicators for Trading ,
Indicators mentioned above in the title show us clearly about the Breakout happening in the stock, Note : these indicators also gives us a idea about where the stock is how it will react in near future.
RSI : RSI nifty give us clear indication where stock is heading with its strength visa vis Nifty , how stock is performing with the nifty movement
when trend line if nifty with the indicator is above 0 it shows stock has some strength and will react with volumes,
when the RS is below 0 , it shows stocl has lost its strength in the market.
RS : RS 14 days goves us again a signal for Strength of the stock.
Bollinger Band ( 20 Days ) with 0.6 Std gives us clear buying and selling indication of the stock in the market.
Indicators mentioned above in the title show us clearly about the Breakout happening in the stock, Note : these indicators also gives us a idea about where the stock is how it will react in near future.
RSI : RSI nifty give us clear indication where stock is heading with its strength visa vis Nifty , how stock is performing with the nifty movement
when trend line if nifty with the indicator is above 0 it shows stock has some strength and will react with volumes,
when the RS is below 0 , it shows stocl has lost its strength in the market.
RS : RS 14 days goves us again a signal for Strength of the stock.
Bollinger Band ( 20 Days ) with 0.6 Std gives us clear buying and selling indication of the stock in the market.