Hi…You got it wrong. No RSI…RElative strength is different and RSI indicator is different. Relative strength ( RS) measures the relative outperformance of a stock price compared to Nifty index or its sectoral index. While RSI measures the strength of stock price compared to itself over a period like 50 days or 60 days. On trnedlyne, its a simple relative strength is used where you can select a universe of Nifty 500 and outperformance over a week or month is screened.
Exponential EMA is used to consider the prominence of recent price data compared to simple average. EMA also takes care of trailing stop loss concept. You dont have to apply trailing stop loss seperately and it keeps the things very simple. Why 30 weekly EMA , is because, it allows us to ride the upmove to maximum extent. If you apply 9 EMA or 15 EMA, you will get sell signal frequently and it would turn into trading instead of investing. For good stocks, 30 week EMA is very rarely broken, sometimes 2-3 times in a decade…You can remain a long term investor even after following stage analysis which seemingly appear as technical trading based strategy.
Posts tagged Value Pickr
Mudit’s Portfolio (Stage Analysis + Relative Strength) (27-04-2024)
Mudit’s Portfolio (Stage Analysis + Relative Strength) (27-04-2024)
I request u to read a book ,HOW TO MAKE MONEY IN STOCKS by WILLIAM O^ NEIL .You will get answer for all your questions
RIL: Is the ‘Reliance” on ‘Jio’ Justified? (27-04-2024)
While , the stock has not done so well, but may be worth waiting to get the benefit of value unlocking in line with Jio finance
Piccadily Agro Industries Ltd (27-04-2024)
Right now it is difficult to obtain the shares. You may have to wait for things to cool down a bit.
Mudit’s Portfolio (Stage Analysis + Relative Strength) (27-04-2024)
Super interesting set of posts to start the day.
Can you list out what criteria RSI is driven by. So, what would the Trendlyne algo use to filter based on RSI. And then why EMA vs SMA or WMA or some other factor.
ValuePickr Jaipur (27-04-2024)
“I also want to join the Jaipur group. How can I join? Please guide me.”
ValuePickr Jaipur (27-04-2024)
“I also want to join the Jaipur group. How can I join? Please guide me.”
Hindustan Unilever (HUL) (26-04-2024)
I haven’t been through the concalls in quite sometime.
Can anyone share volume/value/overall growth guidance from management? Any capex they are undertaking? Premiumization plans?
Disclosure: Invested since 2020. Considered it a safe bet with low expectations 8-10% to stabilize portfolio against severe downturns. Terrible growth numbers this year are giving me the jitters, looks like this ‘safe bet’ also needs an active watch. Hope it returns to same old 8-10% soon 
GMM Pfaudler: A safe way to play the Pharma/Chemical cycle (26-04-2024)
the stock was very overvalued back in 2021 or so when it peaked. A capital good can not command 50-60 PE multiple. It’s just that the earnings are finally catching up to the stock performance. Its fairly valued now I think
Dhruv’s Portfolio: Comments Appriciated (26-04-2024)
Okay, I am curious. What led you to this move? Don’t you think LIC at 1000 was a hold? I mean, it isn’t bad that you booked north of 40% returns but I think LIC may have more value than HDFCLife at this point, or let’s say the upside is more for LIC in the medium term. Ofcourse, from a decadal perspective HDFCLife can give more returns.
Yeah this makes sense! Current valuations are bit stretched. Let’s see if some kind of downturn occurs.
Regarding other sectors, I normally stay away from sectors which I don’t understand well. For example, chemical sector. I am mostly value driven and I prefer simple boring investment ideas. One of the best examples sitting in my portfolio right now is Sun TV.