eClerx Services, Marico among 9 stocks with RSI trending down

economictimes.indiatimes.com:

Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100, with readings above 70 indicating overbought conditions and readings below 30 indicating oversold conditions. Investors use RSI to assess a stock's strength or weakness relative to its previous price movements.

On July 26, Wednesday, StockEdge reported 19 stocks with RSI trending down. Today, ETMarkets has handpicked 9 stocks from this list to explore the significance of RSI and how it can aid investors in making informed decisions.Importance of Assessing RSI Movement: Overbought and Oversold Levels: RSI readings above 70 signal that a stock may be overbought, potentially facing a correction, while readings below 30 suggest an oversold condition, indicating a possible rebound. Trend Reversal: Significant changes in RSI can indicate trend reversals.

A declining RSI might indicate a potential trend reversal from bullish to bearish. Divergence: Divergence between RSI and stock price movement can be a signal of an upcoming trend change. Bullish divergence occurs when the stock price makes a lower low while RSI makes a higher low, and vice versa for bearish divergence.ETMarkets' Top 10 Stocks with RSI Trending Down: 1) Honeywell Automation India Ltd.

(RSI: 49.91, Prev. RSI: 53.65) 2) Sundram Fasteners Ltd. (RSI: 49.91, Prev.

RSI: 53.32) 3) Yes Bank Ltd. (RSI: 49.59, Prev. RSI: 50.34) 4) Marico Ltd.

(RSI: 49.45, Prev. RSI: 55.27) 5) Petronet LNG Ltd. (RSI: 48.74, Prev.

RSI: 50.36) 6) KNR Constructions Ltd. (RSI: 48.34, Prev. RSI: 50.86) 7) Suprajit Engineering Ltd.

(RSI: 48.28, Prev. RSI: 54.68) 8) Asian Paints Ltd. (RSI: 48.24, Prev.