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Relative Strength Index (RSI)

Jubilant Pharmova Limited - Bullish on Chart📊 Script: JUBLPHARMA (JUBILANT PHARMOVA LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: N/A 📊 Sector: Healthcare 📊 Industry: Pharmaceuticals Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈 Double Moving Averages also giving crossover. 📈 Volume is increasing along with price which is volume breakout. 📈 Current RSI is around 69. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 370 🟢 Target 🎯🏆 - 450 ⚠️ Stoploss ☠️🚫 - 329 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy Labh Pancham 🪔🎉✨ Happy learning with trading. Cheers!🥂
NSE:JUBLPHARMALong
by radha_23
2
🔥 CAKE Is Done Dumping? Amazing Risk-Reward Bounce PlayOver the last few months I've made several CAKE analyses where I discussed the massive dump that this token was experiencing. Like mentioned before, I think that CAKE as an asset is dead, but that doesn't mean it can't offer good trading opportunities. This trade is based on the assumption that CAKE will reverse sharply after the crazy April & May dump. I'm fairly certain that CAKE will never see a new all-time high again, but a 2x from here is certainly in the cards, especially with a bullish Bitcoin. I'm waiting for CAKE to close above the most recent high of 1.67, stop below the swing lows and a target of 3.50, roughly where the dump started.
Long
by FieryTrading
12
🔥 AVAX Deep Oversold Bounce PlayAVAX has been on a massive losing streak for well over a year now. Even with BTC being relatively bullish in 2023, AVAX has made a new bear-market low last week. Nevertheless, this token enjoys a lot of popularity across the internet. With AVAX trading in a historically very strong area of support and the 3-day RSI hitting oversold recently, I think it's time to scout for a potential reversal trade. Stop just below the recent lows, target at 30$. More defensive traders might want to take (partial) profits around 20$.
Long
by FieryTrading
3
🔥 Bitcoin Most Oversold Since COVID Dump: Incoming Bounce! 🚨If you enjoy this analysis, please like and follow. I've been quite bearish over the last few weeks. I noted that volatility was extremely low and that the odds were more in favor of a bearish move as opposed to a bullish one. In the short-term, statistics are more in favor of a bullish bounce, as opposed to a continued sell-off. The daily RSI value (measuring oversold and overbought conditions) has not been this low since the COVID dump back in 2020. I still believe that BTC will continue to go down over the next months, but that doesn't mean we can have a bounce here and there. Personally, I think we will see some kind of bounce in the near future, which will eventually be sold off again. Short-term in favor of the bulls, long-term for the bears. What will happen next week? Share your thoughts in the comments 🙏
INDEX:BTCUSDLong
by FieryTrading
32
🔥 Bitcoin Stochastic RSI Signal +838% Average Gain? Bullish!If you enjoy this analysis, please give it a like and a follow. The month has not closed yet, but it appears that the slow Stochastic RSI (orange line) will close above the 80 line for the first time since November 2021. I've made several bearish analyses over the last few weeks, but this one is a more bullish one (on average!). Historically, once the orange line from the Stochastic RSI closes above the orange line it means that a pump is coming. 3/4 times a very decent move has occurred from the moment it went over 80, till it crossed below 80. On average, a +838% move has followed. We can say with quite some certainty that a +838% move is out of the question. Still, the market has historically performed well. Personally, I'm anticipating a move like in 2019, where the orange line reached above 80 and moved below it in the following month. Is this bullish to you? Share your thoughts in the comments 🙏
CRYPTO:BTCUSDLong
by FieryTrading
27
🔥 Bitcoin Bears In Danger.. Or Not?Quick and dirty analysis coming in. BTC just hit a 3 week diagonal resistance. For the bulls it's going to be a make it or break it moment. If we can close the day above 29.8k we can make the assumption that the relative bearish times are over. However, we're not there yet! Stocks have sold off hard today, which makes it more likely for bearish price action. In addition, the hourly RSI is quite overbought at the moment. Wouldn't be surprised if we reverse from this point onwards. Too early to be bullish. Aggressive bears are shorting here, will they be right? Discuss your views below 🙏
COINBASE:BTCUSD
by FieryTrading
18
Gold or Nasdaq: What to Short this Week?For Gold (XAU/USD), the 4-hour chart suggests a neutral-to-bearish stance. While the pair is currently above its moving averages, the 50-day moving average is closely trailing its price. The Relative Strength Index (RSI) is dropping towards a neutral level, indicating a potential pause in buyer activity. If Gold drops below $1,945, there is a risk of prices descending further and retesting their previous lows or the 200-Day Simple Moving Average (SMA) around $1,941. The deciding factor for Gold this week will likely be the US jobs data. The Non-Farm Payroll (NFP) report on Friday is a significant event, and the precursor jobs data (JOLTS Job report on Tuesday) could also sway traders. The market expects the NFP to show 190K jobs added, more than double the natural US growth rate. A strong jobs figure could influence traders' anticipation of the Federal Reserve's interest rate decision and impact the downside outlook for Gold. On the other hand, Nasdaq and other major US indices are expected to end July with gains. The Dow Jones has particularly shown impressive growth over the past two weeks. The outperformance of the Dow Jones suggests a possible shift by investors from growth stocks (such as Nasdaq stocks) to value stocks. Looking at the daily chart, the Nasdaq Composite is now targeting a key resistance level at 14,649. However, there is a possibility of aggressive seller response at that level. On the 4-hour chart, a divergence with the MACD indicates weakening momentum, which is often followed by pullbacks. Earnings reports from major tech companies, Apple and Amazon, will be crucial for Nasdaq this week. These two giants represent 11.6% of the entire Nasdaq index measured by market cap. Better-than-expected US earnings could potentially prolong the bull run in the market.
BLACKBULL:XAUUSD
by BlackBull_Markets
#GRT/USDT 12h (Bybit) Symmetrical triangle breakdown and retestThe Graph got rejected on resistance forming a shooting star with an overbought RSI, retracement down to 50MA support seems in play. ⚡️⚡️ #GRT/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (3.8X) Amount: 5.0% Current Price: 0.12445 Entry Targets: 1) 0.13580 Take-Profit Targets: 1) 0.10715 Stop Targets: 1) 0.15015 Published By: @Zblaba CRYPTOCAP:GRT #GRTUSDT #TheGraph #AI #Web3 Risk/Reward= 1:2 Expected Profit= +80.2% Possible Loss= -40.2% Estimated Gaintime= 3-4 weeks thegraph.com
Short
by TradingOn
A combination of Stochastic and RSI indicatorsHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (Strength indicator) The strength indicator will also be explained gradually. Today, I would like to talk about how to interpret the indicators consisting of the Stochastic indicator and the RSI indicator. It is set as below. 1. RSI indicator ta.ema(rsi, 14) For the setting value of the RSI indicator, we used the most frequently used value of 14. 2. Stochastic indicators ta.sma(ta.stoch(close, high, low, 20), 12) As the setting values of the stochastic indicator, as shown in the above formula, the setting values of 20 and 12 were used. An important way to interpret 1. Stoch > RSI: likely to show an uptrend 2. Stoch < RSI: likely to show a downtrend but, 1. If the Stoch indicator rises below 30, it is likely to show an uptrend. 2. If the Stoch indicator falls above 70, it is likely to show a downtrend thus, 1. When Stoch > RSI, start split buying. 2. When Stoch < RSI, start split selling. In that sense, I used the fill function to make it appear orange (#ff9800) when it is rising, and blue (#00bcd4) when it is falling. It's best to understand the detailed information about all the indicators and use them, but be careful because if you study too deeply, your thoughts can become trapped in them. Therefore, unless you are going to create a new indicator by directly utilizing the formula, it is recommended to understand and use only the core interpretation method of the indicator. Since the stochastic indicator is an indicator of the price position within a certain period of time, it is recommended to use a set value suitable for your investment period, as it can indicate different results depending on how you set the set value. As I said above, I used the settings of 20, 12. The RSI indicator is an indicator of strength. Therefore, when the price enters the overbought zone, the uptrend is at its highest, so once it exits the overbought zone, the likelihood of a downtrend increases. Conversely, when the price enters the oversold zone, the downtrend is at its highest, so once it exits the oversold zone, it is likely to show an uptrend. Therefore, it is not recommended to react in advance by thinking that price volatility will inevitably occur when a stock enters an overbought or oversold zone. The key to the RSI indicator is to respond when it enters the oversold zone and exits the oversold zone, and when it enters the overbought zone and exits the overbought zone. This is because if a full-fledged uptrend has begun, the RSI indicator may remain in the overbought zone. Therefore, it is not a good idea to judge the situation based on all indicators alone. The above is not a big deal, but I think it is a combination of indicators that makes it very intuitive to know whether or not the chart you are looking at is a chart you can start trading with. We will go into more detail when we discuss how to find support and resistance points for that indicator. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
Education
by readCrypto
2
NFLX is rising from supportNFLX on the 2H chart is rising with the shortest EMA rounding up . Price is now above the POC line of the volume profile showing buying pressure has extinguished bearish momentum. The RSI indicator shows RSI to have trended down into oversold territory. Fundamentally, NFLX revenues have increased with the household password crackdown. Traders and investors have noted that. I see NFLX as setup for a long entry. I will determine the best entry on a lower time frame either 5 or 15 minutes. I see targets as 485 and 560 based on horizontal resistances on the 4H and daily charts and so a good potential reward compared with the risk of a stop loss at 416 set below the POC.
NASDAQ:NFLX
by AwesomeAvani
1
🔥 Bitcoin In Danger 🚨 Bearish Divergence Playing Out!Last week I made an analysis on BTC's bearish divergence on the 3-day chart. Seeing the bearish price action we got recently, it seems that this bearish divergence is playing out well. In my eyes, it's very likely that BTC will go down from here onwards. Next target is the dotted purple support line. Seeing there's another FOMC interest announcement tomorrow, Bitcoin is in danger of breaking through said support in case the market doesn't like tomorrow's meeting. In that case, my expectation would be that the top for 2023 is in. All eyes on tomorrow.
COINBASE:BTCUSDShort
by FieryTrading
14
🔥 Bitcoin Double Bearish Divergence: Caution! 🚨With BTC failing to break confidently through 31,000$, a bearish short-term scenario for BTC becomes more and more likely. As seen on the chart, Bitcoin is experiencing a double bearish divergence on the 3-day chart, which started forming all the way at the start of 2023. The first (yellow) bearish divergence is arguably already "over", since the fall from 31k to 25k. However, the blue (second) bearish divergence is still very much alive and poses a risk to bullish investors. A daily close below 29,500$ would dramatically increase the risk of a change in trend towards the bearish side. First support being the bottom dotted support line. This move would be in line with my most recent bearish analysis for Bitcoin where we would trade in a bearish symmetrical channel, see below. Over the long-term, I'm still bullish and of the conviction that the bottom is most likely in. Nevertheless, there's always a risk of shorter term bearish periods. Share your thoughts in the comments 🙏
COINBASE:BTCUSDShort
by FieryTrading
20
🔥 PEPE Oversold Bounce From Support: Great Risk Reward!PEPE has been trading horizontally for almost a month at this point. In that time, buying from hourly oversold areas has been proven to be very profitable. As of this morning, PEPE has successfully bounced from the diagonal purple support line whilst being hourly oversold. These two in conjunction make it more likely for the reversal to play out. Target at the monthly highs, stop just below the swing low.
Long
by FieryTrading
5
EURUSD: RSI Bearish Divergence at a 0.786 RetraceEUROUSD is currently Overbought on the RSI and Diverging at a 0.786 Retrace just below Resistance; if it acts the way I suspect it will, we will see the Euro come back down to recover at least 50% of the range it's been in since around the start of the year and if we're really lucky, it will recover the full range. I do suspect that the Euro will come back up after making the 50-100% retrace to the lows, but in the meantime, it looks Bearish.
Short
by RizeSenpai
🔥 PEPE Oversold Bounce From Support: Great Upside!PEPE has been trading bullish alongside the dotted support line for around a week now. This trade is based on the idea that PEPE will once again bounce from said support. The idea of the bounce is reinforced by the fact that the RSI has hit oversold on the hourly chart, which has always caused a bounce in recent history. Target at 200, stop at 159 just below the support. It's a risky trade, but has very decent upside.
Long
by FieryTrading
17