Eicher Motors, Nykaa among 10 stocks with RSI trending down
Relative Strength Index (RSI) stands out as a critical tool. On September 25, Monday, StockEdge identified 26 stocks with a declining RSI, and ETMarkets has chosen 10 among them for a closer examination.
Before we explore the stocks, let's gain a deeper understanding of RSI and why it's crucial for assessing stock movements.
The Relative Strength Index, or RSI, is a momentum oscillator that measures the speed and change of a stock's price movements. RSI values typically range from 0 to 100, with readings above 70 suggesting overbought conditions and readings below 30 indicating oversold conditions.
Now, let's explore the 10 stocks that had a declining RSI on September 25:
1) Aarti Industries Ltd. (AARTIIND)
RSI: 49.81
Previous RSI: 51.63
2) Hindustan Petroleum Corporation Ltd. (HINDPETRO)
RSI: 49.79
Previous RSI: 50.38
3) Eicher Motors Ltd. (EICHERMOT)
RSI: 49.71
Previous RSI: 52.8
4) City Union Bank Ltd. (CUB)
RSI: 49.66
Previous RSI: 50.42
5) FSN E-Commerce Ventures Ltd. (FSN)
RSI: 49.41
Previous RSI: 50.93
6) Jamna Auto Industries Ltd. (JAMNAAUTO)
RSI: 49.29
Previous RSI: 51.64
7) Linde India Ltd. (LINDEINDIA)
RSI: 49.22
Previous RSI: 51.56
8) Metro Brands Ltd. (METROBRANDS)
RSI: 49.11
Previous RSI: 56.27
9) Oracle Financial Services Software Ltd. (OFSS)
RSI: 48.32
Previous RSI: 53.32
10) Hindalco Industries Ltd. (HINDALCO)
RSI: 48.23
Previous RSI: 54.32
Data regarding stocks with declining RSI trends on September 26, Tuesday, will be updated later today.
(Disclaimer: This is an AI-generated article.
