Mastering Relative Strength: Spot Strong Stocks in Corrective Market to achieve Super-Performance ๐
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#StockMarket #StocksToBuy #stockstofocus #StocksToTrade #StocksToWatch #trading #vcp #ipo #ipostocks #sme #learning #vcp #breakoutstocks #stocks #stockmarketindia #ipoalert #fomc
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(Bookmark ๐, Like โฅ๏ธ & Retweet ๐)
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Ever wondered how to spot strong stocks? Letโs dive into Relative Strength, a handy tool ๐ช
โข It helps you see which stocks are outperforming the market.
โข For example, if you see Infosys outperforming the #nifty50 index, itโs showing strong Relative Strength! (1/7)
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โข It helps you see which stocks are outperforming the market.
โข For example, if you see Infosys outperforming the #nifty50 index, itโs showing strong Relative Strength! (1/7)
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โข By comparing a stock's performance to the overall market, you get a clear picture of how strong it is.
โข If #zentech's Relative Strength line is rising, it means it's doing better than most other stocks. Think of it as being in the top 10% of students in class! ๐๐ (2/7)
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โข If #zentech's Relative Strength line is rising, it means it's doing better than most other stocks. Think of it as being in the top 10% of students in class! ๐๐ (2/7)
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โข A high RS score means a stock, like HDFC Bank, is strong and likely to keep doing wellโjust like picking the star player!
โข A low RS score, like PAYTM, signals underperformance. Be cautious or look for better options.
โข Use RS to pick winners and avoid weak stocks! (4/7)
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โข A low RS score, like PAYTM, signals underperformance. Be cautious or look for better options.
โข Use RS to pick winners and avoid weak stocks! (4/7)
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โข Relative Strength, measures how well a stock is performing compared to other stocks in the market.
โข Below, Iโve attached an image from the MarketSmith site showing what I mean by Relative Strength Line and Relative Strength Rank. (5/7)
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โข Below, Iโve attached an image from the MarketSmith site showing what I mean by Relative Strength Line and Relative Strength Rank. (5/7)
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Price Strength = Relative Strength
โข You can see the rank is 91, which means this stock is beating the market.
โข Plus, the RS line is trending up and hitting new highs. So, this stock is performing really well!(6/7)
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โข You can see the rank is 91, which means this stock is beating the market.
โข Plus, the RS line is trending up and hitting new highs. So, this stock is performing really well!(6/7)
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โข The Relative Strength line tracks a stockโs performance against the market index, and a rising line indicates that the stock is outperforming the market.
โข A higher Relative Strength score means the stock is strong and likely to continue performing well. (7/7)
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โข A higher Relative Strength score means the stock is strong and likely to continue performing well. (7/7)
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๐If you think my hard work helps you in any way
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Donโt forget to Bookmark๐,this thread, likeโฅ๏ธ, and drop a comment! Your engagement helps me keep delivering valuable content. Letโs grow together! ๐
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That's a wrapโจ
I hope this thread helped you understand how to use Relative Strength to identify strong stocks and avoid weak ones. If you found this valuable, then
1. Follow me @theharsh_soni for amazing stock market content.
2. Likeโฅ๏ธ, Retweetโป๏ธ & Bookmark๐ this thread.
Peaceโ๏ธ
#StockMarket #StocksToBuy #stockstofocus #StocksToTrade #StocksToWatch #trading #vcp #ipo #ipostocks #sme #learning #vcp #breakoutstocks #stocks #stockmarketindia #ipoalert
I hope this thread helped you understand how to use Relative Strength to identify strong stocks and avoid weak ones. If you found this valuable, then
1. Follow me @theharsh_soni for amazing stock market content.
2. Likeโฅ๏ธ, Retweetโป๏ธ & Bookmark๐ this thread.
Peaceโ๏ธ
#StockMarket #StocksToBuy #stockstofocus #StocksToTrade #StocksToWatch #trading #vcp #ipo #ipostocks #sme #learning #vcp #breakoutstocks #stocks #stockmarketindia #ipoalert
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