BPCL, Trident among 10 stocks with RSI trending down

economictimes.indiatimes.com:

Relative Strength Index (RSI) is a crucial aspect of understanding stock movement and identifying potential opportunities in the market. RSI is a powerful technical indicator used to measure the strength and speed of price movements in a stock. In this article, we will explore 10 stocks that have witnessed RSI trading down, indicating a potential shift in momentum.

RSI oscillates between 0 and 100 and provides insights into whether a stock is overbought or oversold. RSI is calculated based on the average gains and losses over a specified period, typically 14 days. A high RSI indicates that a stock may be overbought and due for a potential price correction, while a low RSI suggests oversold conditions and a possible rebound in price.

RSI also assists in understanding the strength and momentum of a stock's price movement. A declining RSI may indicate a loss of upward momentum, signaling caution for investors. RSI can be used in conjunction with other technical indicators to confirm trends, validate trading signals, and support investment decisions.

Out of the 20 stocks reported by StockEdge that traded with RSI trending down on June 30, Friday, ETMarkets has handpicked 10 stocks. Please note that the data pertaining to stocks with declining RSI in an overbought zone on July 3, Monday, will be updated later today after market hours. Exploring Stocks with Declining RSI: 1) KSB Ltd. RSI: 49.95 | Prev.

RSI: 50.022) Poonawalla Fincorp Ltd. RSI: 49.95 | Prev. RSI: 53.773) Just Dial Ltd. RSI: 49.92 | Prev. RSI: 52.774) Indraprastha Gas Ltd. RSI: 49.91 | Prev.

RSI: 51.335) ITI Ltd. RSI: 49.89 | Prev. RSI: 51.326) Sapphire Foods India Ltd. RSI: 49.72 | Prev. RSI: 56.987) Vaibhav Global Ltd. RSI: 49.67 | Prev.