#mymarkettips 19/09/2017 INTRADAY CALL AUROPHARMA STATUS TRGT1 HIT....

#mymarkettips 19/09/2017 INTRADAY CALL AUROPHARMA STATUS TRGT1 HIT....

#mymarkettips 19/09/2017 INTRADAY CALL SELL AUROPHARMA 762/- SL 767.10/- TRGT1 756.50/- TRGT2 751/-

#mymarkettips 19/09/2017 INTRADAY CALL SELL AUROPHARMA 762/- SL 767.10/- TRGT1 756.50/- TRGT2 751/-

"SECRET TO USE RSI IN INTRADAY TRADING" (Part III)

As discussed earlier RSI is MOMENTUM OSCILLATOR. To identify the momentum of script whether a script will move UPSIDE or DOWNSIDE from Intraday point of view can be identified with the help of RSI @ 50 level. Further, clarify if RSI of a script trading @ 50 level or below and taking resistance @ 50 level for constantly then it can be said that script momentum is the downside. If a script trading @ 50 level or above and taking support @ 50 level bounces back then it is interpreted as the script is in the downtrend.

Above is the chart of BPCL dated 18/09/2017 plotted PRICE and RSI on chart in 5 min time frame. Now in above chart, RSI Line (Green Line on above chart) crossed from level 70 trading near level 50 once the level was broken BPCL fall suddenly 2%. It is advantageous to take short position in Intraday trading when RSI Line (Green Line) crossed level 50. It is further expected that RSI will try to touch 30 level. This can be seen in above chart when BPCL RSI Line (Green Line in above chart) breached level of 50 it moved towards level of 30 taken supports near 30 levels and started upward journey from level 30. But for the day trend of BPCL is downward. 

Now above is the chart of INFRATEL dated 18/09/2017. In the chart only PRICE and RSI are plotted in 5 min time frame. In the above chart throughout the day RSI of the INTRATEL is above the level of 50 and also taken support at 50 level and bounced back. It is advisable to avoid short position in a script that has RSI in above the 50 level for the constant time. In above chart, one can take the long position when RSI reached near 50 level with strict stop loss.

Further, we personally always and only take short in the script when the RSI level of the script is below 50 level as the trend of the stock is expected to be the downside.

#mymarkettips 18/09/2017 INTRADAY CALL BPCL STATUS TRGT1 HIT & REACHED ALMOST TRGT2...

#mymarkettips 18/09/2017 INTRADAY CALL BPCL STATUS TRGT1 HIT & REACHED ALMOST TRGT2...

#mymarkettips 18/09/2017 INTRADAY CALL SELL BPCL 500/- SL 503.30/- TRGT1 497.35/- TRGT2 493/-

#mymarkettips 18/09/2017 INTRADAY CALL SELL BPCL 500/- SL 503.30/- TRGT1 497.35/- TRGT2 493/-

QUERIES

If you are not sure what is right to BUY/SELL a Script in the market,

 If yes, then please feel free to write us in the comment section. We will try our best to give you the best possible strategy on your Stock, but at the same time, We also request you to read our Disclaimer.

"11 TO 15 SEP. 2017 WEEKLY INTRADAY PERFORMANCE REPORT"

"11 TO 15 SEP. 2017 WEEKLY INTRADAY PERFORMANCE REPORT"

·         ALL TRADES ARE TAKEN WITH THE CAPITAL OF RS. 1 LAC ONLY.

·         ALL TRADES BOOKED AT TRGT1 WITHOUT CONSIDERING TRGT2.