Nifty ended the month of July 2018 at 11,366.00 after breaking out above the previous all time monthly closing high of 11,027.70. The NIFTY monthly RSI closed at 70.15 at the conclusion of July 2018.
Nifty Month To Month Implications.
Bulls would like the stock to hold the breakout level, and also hold above RSI 69.1 on the monthly.
ＬＩＫＥ | ＣＯＭＭＥＮＴ | ＳＨＡＲＥ | ＳＵＢＳＣＲＩＢＥ
A Muathe.com Original Concept!
Using Mostly Original Muathe.com Concepts!
This is a follow up from the the previous video below:
Uniformity and Negative Divergence - #732
"Single RSI Long-Term Lines"
https://www.youtube.com/playlist?list=PLjHhEQ5LDpkbdDw1HvcyDOLq7EgGWzXXF
Stock Charts RSI 30 Level & RSI 70 Level Explained
https://www.youtube.com/playlist?list=PLjHhEQ5LDpkaILP62YdqCXyHmndnhU4u1
Check out this video on phi or golden mean or 1.618
There is a need to extend major RSI trend lines since they do offer some hidden signals down the road. Here is a good example.
We look at how to draw simple lines on the RSI to determine where the odds of price movement seem to be pointing to.
And don't forget to account to uniform or symmetric RSI support or rejection on any previously important RSI line as per the instrument's own trading history.
"Daily 2-Minute Chart Study #350: The 27 Year Old - Sentiment - Memory Line"
"Uniformity"
https://www.youtube.com/playlist?list=PLjHhEQ5LDpkZnwHCqMVKNLu0n0YTffk66
"RSI Divergence 2.0 & Uniformity"
https://www.youtube.com/playlist?list=PLjHhEQ5LDpkb8JhsWT166IiNBFtZMJwLn
"RSI 50 Level Uniform Support or Rejection "
https://www.youtube.com/playlist?list=PLjHhEQ5LDpkZy6WqgZkBGhDt-LzoRDvYT
RSI 50 crossing, sell signals, uniformity, single line, 30.9, 69.1, worst type of negative divergence.
#NIFTY
#BANKNIFTY
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