Purely technical: Stochastics of over 200 stocks give buy signals - News Summed Up

Purely technical: Stochastics of over 200 stocks give buy signals


It is measured with the %K line and the %D line. The K line is the fastest and the D-line is the slowest of the two lines.For decision making, investors need to watch the D-line. Stocks that had buy signals on the technical charts included SBI, Bank of Baroda Tata Steel , OBC, Indiabulls Real Estate , Tata Steel, DLF, Thomas Cook among others.Momentum oscillators such as Stochastics can give clues to traders when the momentum slows down or picks up. Other indicators that can be used in tandem include MACD , RSI, ADX , and MFI If the price of a security moves above the 80 level, it signifies an overbought zone.


Source: Economic Times July 12, 2016 05:50 UTC



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