IndusInd Bank, Voltas among 10 stocks with RSI trending down
Relative Strength Index (RSI). On September 26, Tuesday, StockEdge reported that 26 stocks had undergone a declining trend in their Relative Strength Index (RSI).
From this group, ETMarkets has identified 10 stocks currently grappling with a downward RSI trend, offering valuable insights for investors.
Before delving into these stocks, let's first comprehend what RSI is and why it plays a pivotal role in analyzing stock movements.
The Relative Strength Index (RSI) is a momentum oscillator that gauges the velocity and magnitude of price changes. It provides readings between 0 and 100, with values below 30 indicating oversold conditions and values above 70 suggesting overbought conditions.
Now, let's explore the 10 stocks that have witnessed a declining RSI trend as of September 26, along with their RSI readings:
1) Motherson Sumi Wiring India Ltd.
RSI: 49.85
Previous RSI: 52.92
2) Voltas Ltd.
RSI: 49.77
Previous RSI: 55.84
3) Trident Ltd.
RSI: 49.71
Previous RSI: 50.88
4) CRISIL Ltd.
RSI: 49.63
Previous RSI: 51.44
5) Bikaji Foods International Ltd.
RSI: 49.41
Previous RSI: 50.84
6) IndusInd Bank Ltd.
RSI: 49.39
Previous RSI: 54.05
7) RHI Magnesita India Ltd.
RSI: 49.33
Previous RSI: 50.128
8) Oberoi Realty Ltd.
RSI: 49.18
Previous RSI: 51.44
9) Prestige Estates Projects Ltd.
RSI: 49.14
Previous RSI: 50.93
10) Birlasoft Ltd.
RSI: 49.10
Previous RSI: 51.69
Please note that data regarding stocks with a declining RSI trend on September 27, Wednesday, will be updated later today.
(Disclaimer: This is an AI generated article.
Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
