Stocks with rsi divergence

#1
Hi all,

If you know the Power of DIVERGENCE in RSI and Magic of ACCUMULATION/DISTRIBUTION, there is a BULLISH stock for you at throw away price with the chance to run in the upper direction. Normally, I work on future stock, but first time I am shareing in this section.

These stocks has extreme RSI BULLISH Divergence with high level of distribution and are ready to spurt in uptrend

28/12/2008
SUJANA TOWERS LTD.,

20/12/2008
CALS REFINERY LTD.,
LTP: 1.21
SL : 1.00
22/12/2008 LTP 1.24 2.47% INCREASE
25/12/2008 LTP 1.31 8.26% INCREASE IN 3 TRADING SESSIONS
SL NOW IS 1.23



Enjoy
-VIJAY ARORA
 
Last edited:

sudoku1

Well-Known Member
#2
If you know the imprtance of DIVERGENCE in RSI and power of ACCUMULATION/DISTRIBUTION, there is a BULLISH stock
though RSI divergence is an imp part of TA.....it has 2 b confirmed with other indicators as well...
it may happen that a neg divergnc in an overbought stock is seen & still the stock keeps on shooting upwards .....which can become a dangerous trade 2 short without proper confirmation...........:)
 
#3
Hi Sudoku1,

Thanks for your suggestion, I understand that it should be confirmed by other indicators that's why I consider 2 things, RSI Divergence as well as high level of distribution. Also I consider atleast double the volume than 50 days moving average, in my scan. I have experience that such stocks boost with the speed of the index at much more faster rate than index itself. I am suggesting the SL too, how much harm a stock can do if you put stoploss and trail it too ?

Thanks again,
-Vijay Arora
 

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