GMR Airports, IDFC among 10 stocks with RSI trending down
Relative Strength Index (RSI). On October 12, ETMarkets observed 10 stocks with a declining RSI, indicating changing market dynamics. Let's delve into why RSI is a vital indicator for investors and explore these 10 stocks.
The Relative Strength Index (RSI) is a versatile technical indicator that measures the magnitude of recent price changes.
It provides a numeric value that helps investors evaluate a stock's momentum and potential reversals. Here's how RSI works:
RSI values above 70 suggest that a stock may be overbought, signaling a potential price correction. RSI values below 30 suggest that a stock may be oversold, hinting at a potential price increase.
Exploring 10 Stocks with Declining RSI
On October 12, 10 stocks stood out for having a declining RSI, which may suggest changing dynamics in their price movements.
Let's take a closer look at these stocks:
1) GMR Airports Infrastructure Ltd.
RSI: 49.73
Prev. RSI: 50.61
2) Torrent Pharmaceuticals Ltd.
RSI: 49.72
Prev. RSI: 50.39
3) Kotak Mahindra Bank Ltd.
RSI: 49.59
Prev.
RSI: 51.58
4) RattanIndia Enterprises Ltd.
RSI: 49.58
Prev. RSI: 51.58
5) 360 One Wam Ltd.
RSI: 49.46
Prev. RSI: 52.26
6) Shriram Finance Ltd.
RSI: 49.46
Prev.
RSI: 52.52
7) IDFC Ltd.
RSI: 49.44
Prev. RSI: 52.17
8) Tata Consultancy Services Ltd.
RSI: 49.36
Prev. RSI: 60.79
9) Bikaji Foods International Ltd.
RSI: 49.04
Prev.
RSI: 50.14
10) Dr. Reddy's Laboratories Ltd.
RSI: 48.67
Prev. RSI: 51.02
Data pertaining to stocks whose RSI was trending down on October 13, Friday will be updated later today after market hours.
(Disclaimer: This is an AI-generated article.
