Example of using RSI divergence.

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Case Study: Reliance Industries Limited

Example of using RSI divergence : Reliance Industries Limited

The above chart is that of Reliance Industries Limited.In the chart ,date starting from 10th september to 20th October 09 we see classic example of RSI Divergence. It can easily be spotted that price was making higher highs where as RSI was making lower highs.

An informed traded would have used this as a good opportunity to exit the stock or a more aggressive trader would have gone for short selling or buying a Put Option.

Similar pattern is generated aroung 15th March 10 to 7th April 10.

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Total Comments 2

User Comments
Posted by Admin
Posted on: 19-Sep-2014
Thanks You Sir
Site Admin

Posted by venkat
Posted on: 19-Sep-2014
excellent case study and lucid explanation.pl. keep it up.

(All analysis is based on End of Trade day's Value. Expected time of update is between 5 to 5.30 PM exchange time Zone)

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