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  MS PLUGING Inverted Hammer Overbought Exit RSI below is average. MACD below its Average

  daily chart. If you are passive investors. then all oversold. on daily, weekly, monthly are opportunity to invest with waiting and gestation period irrespective of MTM Because when various momentum based signal will be only when trend is established. Various momentum-based signals are available.  Now we have seen a historical breakout again with RS MODEL signal. RS Model Signal is outperformance signal in 6 months over benchmark with trend and momentum is established. for momentum based. trend line breakout and green bar at breakout 

  For investing momentum if fails then later used oversold whenever it comes for accumulation especially index-based stocks. reliance also had sideways consolidation phase since October 2021 Upside retracement shown in chart dotted at higher level for potential target for passive investors who can play both  with money and holding capacity can trade and when oversold comes add. play for higher target as shown give time it will be eventually a winner. since this is Index based stock who are heavy weight

 

  The above chart is a classic example of how a negative news creates opportunity for investment. RSI oversold with heavy volumes is for accumulation. Subsequently swing bottom confirms the end of correction or pause of correction or fall. Then Dow Theory reversal confirms the end of fall and major reversal. Now the stock is approaching int the breakdown down zone that was seen few months back. RSI in overbought zone and price resistance zone of the earlier breakdown candle. Those accumulate in absolute panic opportunity created and indicated by RSI now get opportunity to book profits. A spike could happen for better higher price. Momentum on daily chart see can extend to purple line. The objective to showing the example is how negative news flows create opportunity. based on charts and its indicators structure/concepts.

  Weekly indices table. check trend date, check trend start price and gains. as per weekly dynamic trend. WRV weekly reversal value If trend up and can turn down if friday close is below WRV - 90% of the time since this is weekly chart reversal of hour, daily always does not translate into weekly reversal value. this is higher low and higher high on weekly every week higher low and higher high green dot last week candle was also bullish. positive candle even as NIFTY TOTAL MARKET index should dip and neutral candle. risk is given. last column where it is how far it is from WRV this is weekly dynamic trend color. green because WRV trend is up red and blue decides the trend in correction market its will be oscillation that gives idea that it is correction market or pullback volatility market these are back bone of analysis. later all other modes of analysis as to be applied as required.  RS helps to filter further. to select or not select when new signals come for example this t...

  NF and BNF Observations Trend line support held at closing. Yesterday was In Bar above the trend line. Pullback towards the red line resistance gap. Higher low and higher high seen on Monday over Friday then expect swing bottom for pullback attempt to the resistance gap. The resistance of 2-day high is 19647 and then the gap of 19760-19812. Support will be at 19468-19390. On fall and close below 19390 with bearish candle expect the lower gaps to be tested. Lower Gaps-19302-19261, 19082-18966 and 18845-18811 Dynamic Trend- Red Color- Down Trend. Diamond on red color is minor intra-day pullback. On Green candle are minor correction in up trend. BNF dynamic trend down. Friday was higher low and higher high but candle not convincing therefore need another higher low and higher high with bullish candle.  Therefore diamond. Further selling is below 44875. From trading point of view objective can be to cover short at S1-44672 - from cmp-45001 to 44672. R1-R2(R3) to be tested-45279-...