Adani Ports, BASF among 10 stocks with RSI trending down
Relative Strength Index (RSI). In this article, we'll unravel the importance of RSI and delve into 10 stocks whose RSI trends were down on September 20, as reported by StockEdge.
The Relative Strength Index (RSI) is a valuable momentum indicator used in technical analysis. It measures the speed and change of price movements and is scaled from 0 to 100.
Here's why RSI is a crucial component in the toolkit of traders and investors:
RSI helps gauge the strength and direction of a stock's price momentum. This is vital for traders and investors to identify potential entry and exit points. An RSI above 70 suggests that a stock may be overbought and due for a potential pullback, while an RSI below 30 indicates potential oversold conditions, possibly signaling a rebound.
10 Stocks with Declining RSI Trends
1) Gujarat State Fertilizers & Chemicals Ltd.
(NSE: GSFC) — RSI: 49.97
2) Happiest Minds Technologies Ltd. (NSE: HAPPSTMNDS) — RSI: 49.86
3) Adani Ports and Special Economic Zone Ltd. (NSE: ADANIPORTS) — RSI: 49.85
4) V-Guard Industries Ltd.
(NSE: VGUARD) — RSI: 49.85
5) BASF India Ltd. (NSE: BASF) — RSI: 49.78
6) Sanofi India Ltd. (NSE: SANOFI) — RSI: 49.71
7) TV18 Broadcast Ltd.
(NSE: TV18BRDCST) — RSI: 49.58
8) Indian Railway Catering And Tourism Corporation Ltd. (NSE: IRCTC) — RSI: 49.25
9) PCBL Ltd. (NSE: PCBL) — RSI: 49.12
10) Zee Entertainment Enterprises Ltd.
(NSE: ZEEL) — RSI: 49.10
(Disclaimer: This is an AI generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
