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RSI – Relative Strength Index
RSI indicates the strength of price movements.
RSI>70 means the stocks are over bough
RSI<30 means the stocks are over sold.
When the stock becomes oversold it crosses below 30 mark and moves back again above 30, stock can be bought above this mark.
RSI is relative strength index and is a non-trending indicator which works during sideways movement. It identifies the overbought and oversold stocks. it is usually for 2 weeks and measured on a scale of 0 to 100 with >70 meaning overbought and <30 signifiying undersold.
RSI is a relative strength index. The price movements shown in scale 70 -30 points.
if it is more than 70, strength of buyers zone and it goes below 30 its a weakness of sellers zone.
RSI Relative Strength Index It is used to find out overbought or over sold level
RSI ranges from 0 to 100
if it is <30 the stocks over sold
if it is >70 stocks over bought
50 neutral
if it is between 30 and 70 the trend is bullish if it is from 70 to 30 the trend is bearish
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