Sanofi India, Bandhan Bank among 10 stocks with RSI trending down

economictimes.indiatimes.com:

Relative Strength Index (RSI), which helps investors gauge the momentum and strength of a stock's price movement. RSI is widely used by traders and analysts to identify potential entry or exit points in the market. Today, we delve into the significance of RSI and its application by examining the top 10 stocks that witnessed a decline in their RSI.

RSI is a momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100 and is typically displayed on a chart as a line graph. RSI values above 70 are considered overbought, suggesting a potential price reversal to the downside.

Conversely, RSI values below 30 are deemed oversold, signaling a potential price reversal to the upside.Top 10 Stocks with RSI Trending Down: On August 2, Wednesday, StockEdge reported that more than 60 stocks were trading with RSI trending down. From this list, ETMarkets has selected 10 stocks that potential investors may find interesting to analyze. Please keep in mind that the data for stocks with RSI trending down on August 3, Tuesday, will be updated after market hours.

1) Bharat Electronics Ltd. (RSI: 49.96, Prev. RSI: 65.29) 2) Sanofi India Ltd.

(RSI: 49.96, Prev. RSI: 59.77) 3) Bandhan Bank Ltd. (RSI: 49.87, Prev.

RSI: 52.4) 4) Tata Coffee Ltd. (RSI: 49.75, Prev. RSI: 58.6) 5) Brigade Enterprises Ltd.

(RSI: 49.73, Prev. RSI: 56.78) 6) Yes Bank Ltd. (RSI: 49.67, Prev.

RSI: 51.68) 7) State Bank Of India (RSI: 49.58, Prev. RSI: 59.97) 8) PCBL Ltd. (RSI: 49.39, Prev.

RSI: 54.69) 9) Jubilant Ingrevia Ltd. (RSI: 49.31, Prev. RSI: 54.66) 10) Dr.

Lal Pathlabs Ltd. (RSI: 49.29, Prev. RSI: 53.99) The data for stocks with RSI trending down on August 3, Tuesday, will be updated after market hours.