Exhausted RSI is worth a million dollars!

Watch the rsi of falling stock/nifty

If it rebounds from above 30, ignore!

If it rebounds from below 30, sit up and watch carefully!

If the price continues to fall, rsi continues to repeatedly (2-4 times) bang its head in the
very low rsi wall (say 30 to 5) and never rising more than 55-60 in-between,

get ready, your prey is in front of you!!

And when the stock or nifty has fallen "a lot", rsi has exhausted falling down and is starting
to move up while price is still down, pounce!!!

You have just entered a trade in which the odds are highly favourable to you and the stock is
extremely oversold in the given time frame.

Then hold till the base line becomes horizontal.

For weak hearts, hold till rsi crossess 80.

For Day Trading take rsi 14/2min

For Swing (1-3 months) trading take rsi 14/1d

U can verify the trade by ema 34/8 in swing trading and ema 10/50 in day trading (just to amuse
urself, otherwise verification is not required).

Similarly, reverse is true for the up moves.

Cautions :

1) Don't carry forward day trading.

2) If u don't get the exact signal as above, don't trade.