|As the "Title" says, this is the "Trend indicator"; Ideal long entries, especially for deliveries are when it turns up deep in the negative zone. Also, when it corrects in positive territory & comes close to "0" line and turns up. Similarly, for profit booking and selling, the reverse may be applied. And when you read it along with weekly "Macd chart", the performance improves.|
|The above chart shows Divergences in prices and underlying strength & weakness as "RSI". Note how prices have been trending up in a channel and channel within channel. Wheneever RSI turns down below 80, profit booking starts. Similarly whenever RSI moves above 20, Buying pressure increases. And when these readings show +ve or -ve divergences at the two extremes, risk-reward favours the trader. Whenever RSI reaches "100" or "0", it denotes extreme bullishness or bearishness.|
|This one is "Traders delight", if only they understand to read it along with "Price ranges", it helps to make excellent trade entries. You could choose to take only those "Low risk-High reward trades" based on its readings. More about it will be explained in due course of time.|
Best way to read the "Tech.Table" is to decide which Time frame of technicals you choose to trade and then choose the "Latest signals" generated along with the "Closest numbers to the close prices" to make a trade plan. Tech.Table is read better with a person having sound understanding of "Trend" and "Sideways market". The colour green suggests of upward bias; red, downward bias. Go into the market with a support and resistances for the day and when you initiate your trades at those appropriate levels, you make money on 90% of the time. That is precisely what I do immediately after the market closes-prepare the next day's Pre-Market View and it works well almost all the time. You see it working time and again but not able to "accept it"., not able to surrender yourself to a well-thought-out-study. In stock market, money is made from the numbers and these numbers rarely been manipulated. Your whipsaws happen only in hour T/F but even here, if you stick to "Supports and resistances", you succeed.Dear Brothers and Sisters, embrace this TT and say TaTa to your Ego and Get Rich Slowly and Quietly.