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The Ultimate Guide to ‘RELATIVE STRENGTH (RS)’🎯
WAIT… This is NOT RSI that you use day in & out…
Rather a very IMPORTANT indicator that can CHANGE the way YOU trade/invest…🤓
So, hang on as I explain this with #TATASTEEL chart...
Let’s go 🧵…
WAIT… This is NOT RSI that you use day in & out…
Rather a very IMPORTANT indicator that can CHANGE the way YOU trade/invest…🤓
So, hang on as I explain this with #TATASTEEL chart...
Let’s go 🧵…
1⃣ But, how will it change the way I trade?
- Ever wondered why the stock you are holding is not moving when the market is ripping higher?
Ex: ITC didn't move btwn June’20 & Feb’22 while the market rallied
This indicator will help you get rid of such underperforming stocks.
- Ever wondered why the stock you are holding is not moving when the market is ripping higher?
Ex: ITC didn't move btwn June’20 & Feb’22 while the market rallied
This indicator will help you get rid of such underperforming stocks.
2⃣ ok, what’s RS?
When stock A goes...
- up faster than Nifty, it is STRONG/OUTPERFORMING relative to Nifty
- down faster than Nifty, it is WEAK/UNDERPERFORMING relative to Nifty
So, RS is relative performance of a stock compared to any benchmark (refer chart for example)
When stock A goes...
- up faster than Nifty, it is STRONG/OUTPERFORMING relative to Nifty
- down faster than Nifty, it is WEAK/UNDERPERFORMING relative to Nifty
So, RS is relative performance of a stock compared to any benchmark (refer chart for example)
🌟Top 3( high growth +strong business) companies of my favorite😍 sectors for long term.
1⃣chemical sector - #deepaknr #balajiamines #tatachemical
2⃣power - #adanitransmissons #tatapower #adanipower
3⃣Fmcg - #ltfoods #hindustanfoods #hatsun
1⃣chemical sector - #deepaknr #balajiamines #tatachemical
2⃣power - #adanitransmissons #tatapower #adanipower
3⃣Fmcg - #ltfoods #hindustanfoods #hatsun
4⃣cement - #jklakshmi #birlacement #prism
5⃣ packaging - #polyplex #jindalpoly #cosmofilms
6⃣textiles - #luxind #srf #welspun
7⃣ fertilizers - #fact #gnfc #rcf
5⃣ packaging - #polyplex #jindalpoly #cosmofilms
6⃣textiles - #luxind #srf #welspun
7⃣ fertilizers - #fact #gnfc #rcf
1⃣ sugar sector -#renukasugar #dalmiabharat #Uttamsugar
2⃣ agrochemical - #piind #upl #paushak
3⃣ beverage sector - #radico #globus #ifbagro
If you love ❤ & like 💞 ,then share more sectors companies.
2⃣ agrochemical - #piind #upl #paushak
3⃣ beverage sector - #radico #globus #ifbagro
If you love ❤ & like 💞 ,then share more sectors companies.
