CLASSIC RSI SWING TRADE EXAMPLE: 15 MINUTE INTRADAY CHART
RSI is a versatile momentum indicator that tracks price trends as well as sideways consolidations, and gives trend change signals at or about the right times. Here a standard 14 period RSI is used to identify trend change from Stage-1 consolidation (accumulation) to Stage-2 rally (Markup) on the 15-minute NIFTY 50 chart. RSI bear-zone resistance is red horizontal lines, and the bull-zone support is the green horizontal lines - both on the RSI indicator.
NOtes on the chart explains the trade structure in more detail.
NOtes on the chart explains the trade structure in more detail.
Raju KMS Datla
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