By definition, The Dynamic momentum index is an indicator used in technical analysis that determines overbought and oversold conditions of a particular asset. This indicator is very similar to the relative strength index (RSI). The main difference between the two is that the RSI uses a fixed number of time periods (usually 14), while the dynamic momentum index uses different … [Read more...]
Directional Movement Index : Application and Chart
Further calculation of the True range is necessary to calculate the Directional Indicators (+DI and -DI). The true range is always positive. It is defined as the current highest value of the difference among today’s highest price minus today’s lowest price; today’s highest price minus yesterday’s closing price; and today’s lowest price minus yesterday’s closing price. Wilder, … [Read more...]
Directional Movement Index : The Concept
The Directional Movement Index is also known as DMI. DMI is a momentum indicator . It is calculated using the price. It first compares the current price with the previous price range, and displays the result as an upward movement line (+DI), and a downward movement line (-DI), between 0 and 100. The DMI also helps in calculating the strength of the upward or downward movement, … [Read more...]
Free Stock Tips For 5th February 2010
The Various- Daily Stock Recommendation Given by the various analysts and Stock Brokers are: Bharat Petroleum Corporation Ltd. - Daily stock recommendation 05-02-2010 Source Action Tip Period Target Price (Rs.) Rahul Mohinder Buy, stop loss Rs 575 - 605.00 Canara Bank - Daily stock recommendation 05-02-2010 Source Action Tip Period … [Read more...]
Nifty Levels for 5th February 2010
Please find the correct levels for nifty The Nifty Levels for 5th February 2010 are First Resistance = 4891 First Support =4806 Second Resistance =4942 Second Support =4772 Breakout above = 4976 Break down Below =4721 The above levels are for intraday only For Sure Shot pack and good Gains in Nifty Please visit Nifty Live Charts.com … [Read more...]