Axis Bank, Star Cement among 10 stocks with RSI trending down

economictimes.indiatimes.com:

Relative Strength Index (RSI) is a widely used momentum oscillator that measures the speed and change of price movements. It provides insights into a stock's overbought or oversold conditions and helps investors identify potential turning points in price trends. On July 25, Tuesday, StockEdge reported 29 stocks with RSI trending down, suggesting possible bearish signals.

Today, we analyze the importance of RSI assessment and its significance in guiding investment choices. The RSI is a momentum oscillator that ranges from 0 to 100. It compares the magnitude of recent price gains to recent price losses and generates a value that indicates overbought or oversold conditions.

An RSI reading above 70 typically indicates overbought territory, suggesting that the stock may be due for a pullback. Conversely, an RSI reading below 30 suggests oversold conditions, implying a potential upward rebound in price. ETMarkets' Top 10 Stocks with RSI Trading Down 1) Siemens Ltd.

(RSI: 49.89, Prev. RSI: 50.08) 2) Star Cement Ltd. (RSI: 49.79, Prev.

RSI: 57.27) 3) Coforge Ltd. (RSI: 49.75, Prev. RSI: 51.86) 4) Rashtriya Chemicals and Fertilizers Ltd.

(RSI: 49.71, Prev. RSI: 52.67) 5) Axis Bank Ltd. (RSI: 49.43, Prev.

RSI: 54.46) 6) Tube Investments of India Ltd. (RSI: 49.4, Prev. RSI: 53.4) 7) Page Industries Ltd.

(RSI: 49.16, Prev. RSI: 52.74) 8) Indiabulls Housing Finance Ltd. (RSI: 49.14, Prev.

RSI: 51.76) 9) Bank Of Baroda (RSI: 48.98, Prev. RSI: 52.32) 10) Cholamandalam Investment and Finance Company Ltd. (RSI: 48.84, Prev.

RSI: 53.41) (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)