iCharts Discussions

[ramaswamy1957]

I am following the RSI cahrts for entry and exit of scrip, If anybody follows these charts, they will well know that an entry or exit is possible only on the following day after it crosses the buy or sell levels.

Has any body found a way to find out in advance the buy and sell points quite precisely.

(i.e) values at the fail point.

[tiramrit]

Dear Ramaswamy1957,
greetings!
I think if your inquiry has not been replied to upto now, it means nobody has the answer/solution. If you your good self have found one, will you feel convenient to post here?
Thanks
Regards.

[boudhaditya]

HI,

I am not sure, but when i follow this pattern it has helped me lot of times.

I see if the RSI over 15 days goes below 30 or beteen 50-30 then i find it is the best time to buy and if it goes above 70-80 then the best time to see or exit out.

please let me know your observation as well.

Thanks

[saikat]

Dear Ramaswamy1957,

Hi, not sure whether you are still here as I haven't seen you.

However anybody using RSI can use the following method to improve ENTRY & EXIT

Use two RSI and monitor the crossovers.
Depending upon your trading time horizon, take the appropriate RSI dates.
Like if you are Swing trader, holding for 4-5 days -then you may use 4 day and 9 day RSI.
Sell when 4 day RSI crosses 9 day RSI from above (ie 4 day RSI goes below 9 day RSI) while both were in overbought area (means both were above 80 or so)
Buy when reverse happens ie 4 day RSI goes above 9 day RSI, while both are in oversold area.

As with any TA indicators, tune the RSI days to match your trading horizon. Keep on adjusting unless you find to your satisfaction.

Regards,

Saikat

[shanki99]

Hi all

May i suggest the following as well

I understand that when RSI above 50, it is considered bullish (of course when not in Overbought region), consequently any SELL signal when RSI above 50 may be ignored as it will not give substantial profits....

Viceversa, when RSI below 50, it is considered as bearish and hence any BUY signal generated may be ignored...

Better to trade long when RSI generates BUY signal when above 50 and viceversa

comments are welcome !

Rgds
Shankar

[svkum]

I also refer to RSI for buying and selling decesions, and i also refer 50 as ref point for buying and selling zones.
But along with RSI i also use 15EMA, and ROC charts , if all the three are showing same signal then only i will take that position.

thanks
S V KUMTHEKAR

[Perry]

[size=18]Pl. let me know more about this Buy+Sell indicators.I m new 2 T.A. Are there any other really strong indicators to give fullproof Buy+Sell indicators.Pl.let us know.Thanks in advance[/size]

[lakshmiram]

5/9 day rsi indicates good for buy and sell pls explain with charts, it will help for the beginers