RSI Strategy - Rs 8000/- in less than 22 Minutes - Intraday Trading Strategy



There are so many intraday trading strategies based on the technical analysis. One simple strategy, which is extremely simple and useful for a beginner is RSI strategy. RSI is relative strength index, which gives information about whether the stock is overbought or oversold. Based on the RSI value it is possible to make some profitable trades. This video shows how I used RSI value for making a profit of 8000 rupees in less than 22 minutes. But one should be careful (i.e., particularly beginners) while using RSI for day trading, because the stock can remain in overbought or oversold condition for a longer time frame which may cause losses to your trade. For more information on RSI, please comment your queries, as I will try to prepare a video about RSI strategy in detail.

Comments

  1. How to select the Stocks for trading, there are many stocks, we cannot check each and every stocks RSI
  2. plz make a video on RSI and explain its usage, and times when it do not work
  3. Please make a video on how to over come one day's mistake.
  4. sir what settings shd we take fr rsi
  5. nice startergy want to learn pls guide me
  6. Hindi m video bna bhai
  7. Hey I'm new to this you said you invested 20000 and made profit of 8000 but when it comes to actual valuation of the share you bought it is around 572400. Help me in this regard.
  8. sir rsi is confusing sometimes please can you explain rsi in detail i.e entry level in details
  9. WHAT IS DURATION OF YOUR CHART FOR HDFC BANK ?
  10. sir can we use this method on mobile?can u pls tell method to choose stock fr intrada.iam a beginner.y
  11. share short is also available in cash market
  12. sir how to choose a stock for interday? for equity
  13. great!! hats off to your study !! nice bro
  14. HELLO SIR, IN MY EXPERIENCE WE CANT TRADE RSI ALWAYS IF IT REACHES 90 THEN SHORT. MANY TIMES THE RSI CONTINUES IN THIS RANGE AND IF AN INTRADAY TRADER TRADE THIS STRATEGY THEN SURELY HE WILL BE IN LOSS.
  15. without SL any trade is risky
  16. Hi Bro, it was an excellent way to trade.but regarding the RSI over 85+ .i have a doubt that whether you prepared before the market open on this day regarding the OVERBOUGHT after looking at the previous days RSI indicator for stock or after market open you monitored and saw the rise in RSI then you went for SHORT.i am new bie to Stock trading.if you can tell me i would be grateful.
  17. Please share your contact details, so that we may get our queries cleared. thanks
  18. It was a Fast Trade. Nice Video.and yes Small Targets Work Well.
  19. what's ur stoploss
  20. not feasible...


Additional Information:

Visibility: 16759

Duration: 4m 7s

Rating: 94