I've executed the trade below, today 7/31/13
The RSI value of this stock indicated it is over bought @ this price, I will be seller if infy moves above 2990.
Scrip Name: UnionBank
CMP :123.95
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Comment
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Trade Check List
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Is Stock Trading Above or Below Bollinger Band Level
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Below band
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5day & 14 day RSI Value
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8 & 21
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Support Level
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116.85, 120.35
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Resistance Level
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130.5, 137.15
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Action
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Buy
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The RSI value of this stock indicates it is heavily shorted and bottomed out, I will be buyer @ 118 placing target b/w S1 & s2. StopLoss: 115 target : 135
Scrip Name: INFY
CMP :2955.7
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Comment
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Trade Check List
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Is Stock Trading Above or Below Bollinger Band Level
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nearing upper band
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5day & 14 day RSI Value
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92 & 79
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Support Level
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2911.20, 2933.35
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Resistance Level
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2975.35, 2995.2
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Action
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short
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The RSI value of this stock indicated it is over bought @ this price, I will be seller if infy moves above 2990.
StopLoss: 3030 target: 2933
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