M&M
Jigar Soni
27 Oct 2024
Bearish
Target = 2500, Stop Loss = 2710
STOCK TRADING WITH THE TREND.
M&M Showing Under performance with respect to nifty 50.
Relative Strength Comparison (RSC) is a technical indicator that compares the performance of a security to another security or index. It's used to gauge how a security is performing relative to the market or its peers.
RSC is calculated by dividing the price of one security by the price of another security, which is called the "base" security. The result is a ratio that shows the relationship between the two securities.
RSC can be used to: Identify momentum shifts, Fine-tune portfolio diversification, and Confirm investment decisions.
RSC should be used in conjunction with other indicators and analysis to make informed investment decisions