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| Discuss Nifty And Heavy Weights Major Moves at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by amitt29 ... 2)1-2 point rsi mein up ya down se kuch nahin ... |
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#41
4th July 2007, 12:36 PM
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Re: Nifty And Heavy Weights Major Moves
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Quote:
Satya, Swagat, Jaykiru: Now tell me, how you will describe the move when the momentum(RSI) starts picking up and breaks the previous top? How then you stand to your previous comments reg. divergence has happened? Currently I'm in office. Will try to post some charts tonight, with illustrations. Cheers, Praveen. 
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#42
4th July 2007, 12:48 PM
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Re: Nifty And Heavy Weights Major Moves
Bhai divergence ka matlb hai ..in simple word.. price upper ja raha hai or indicator (rsi) Support nahi kar rahi...agar top or bottm dekh ke conformation doge to buy or sell kub karoge...
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#44
4th July 2007, 01:04 PM
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Re: Nifty And Heavy Weights Major Moves
The charts attached are self explanatory.I am not going to explain what it means.
Care to note i havent included todays action.Simply because day hasnt finished. Just one hint how do u put todays action in perspective of the 2 charts just on momentum or rsi or roc or whatever.
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#45
4th July 2007, 01:07 PM
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Re: Nifty And Heavy Weights Major Moves
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At any point of time, price and indicator(RSI) may be in the same direction or opp. But I think failure swing is important in this case, that too if it was preceded by a good momentum move. There can be many swings in between the last divergences top and bottom, but it has to be taken out for any valid conclusion. Let me know, if I'm wrong anywhere.
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#46
4th July 2007, 01:15 PM
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Re: Nifty And Heavy Weights Major Moves
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That also means you dont look for confirmation,then y use indicators. For mental masturbation. 
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#47
4th July 2007, 01:32 PM
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Re: Nifty And Heavy Weights Major Moves
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#48
4th July 2007, 01:40 PM
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Re: Nifty And Heavy Weights Major Moves
Then the whole thing again becomes Relative(in literal and as well as truer) doesnt it.Relative to previous top,or previous bottom.
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#50
4th July 2007, 02:08 PM
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Re: Nifty And Heavy Weights Major Moves
Then it becomes purely subjective.
Just like the way to look at the proverbial glass.Half empty or half full. This is my last post here in this matter. Cheers.
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