Gujarat Gas, Coforge among 10 stocks with RSI trending down

economictimes.indiatimes.com:

Relative Strength Index (RSI) is one such indicator that plays a crucial role in evaluating a stock's momentum. This article explores the importance of RSI and its role in identifying potential investment opportunities among the 34 stocks selected by ETMarkets, which have experienced RSI trending down. RSI is a technical indicator used to measure the speed and change of price movements in a stock.

It oscillates between 0 and 100 and is typically plotted as a line graph. RSI compares the magnitude of recent gains to recent losses, providing insights into whether a stock is overbought or oversold.ETMarkets' Top 10 RSI Trending Down Stocks: 1) Gujarat Gas Ltd. (RSI: 49.95, Prev.

RSI: 51.78) 2) Coforge Ltd. (RSI: 49.94, Prev. RSI: 51.35) 3) Crompton Greaves Consumer Electricals Ltd.

(RSI: 49.69, Prev. RSI: 53.28) 4) SBI Cards And Payment Services Ltd. (RSI: 49.65, Prev.

RSI: 55.9) 5) UNO Minda Ltd. (RSI: 49.61, Prev. RSI: 52.21) 6) ITC Ltd.

(RSI: 49.6, Prev. RSI: 54.62) 7) Page Industries Ltd. (RSI: 49.52, Prev.

RSI: 55.15) 8) Adani Wilmar Ltd. (RSI: 49.43, Prev. RSI: 54.8) 9) PB Fintech Ltd.

(RSI: 49.37, Prev. RSI: 50.86) 10) Adani Total Gas Ltd. (RSI: 49.22, Prev.

RSI: 53.75) Data pertaining to stocks which are trading down on July 28, Friday will be updated later today after market hours. (Disclaimer: This is an AI-generated article. Recommendations, suggestions, views, and opinions given by experts are their own.