Tech Mahindra, JSW Energy among 10 stocks with RSI trending down

economictimes.indiatimes.com:

Relative Strength Index (RSI), which provides insights into a stock's price movement and momentum. On July 24, Monday, StockEdge reported that 37 stocks were trading with their RSI trending down. In this article, we delve into the significance of RSI and its importance in assessing stock movement.

ETMarkets has handpicked ten stocks from this list, offering potential investors valuable insights for their decision-making process. The RSI is a momentum oscillator that measures the speed and change of a stock's price movements. RSI values range from 0 to 100, with readings above 70 indicating overbought conditions, and readings below 30 indicating oversold conditions.

The RSI helps traders and investors identify potential trend reversals, overbought or oversold conditions, and divergences between the stock's price and RSI, indicating potential trading opportunities.ETMarkets' Top 10 RSI Trending Down Picks 1) JSW Energy Ltd. (RSI: 49.79, Prev. RSI: 50.92) 2) United Breweries Ltd.

(RSI: 49.7, Prev. RSI: 58.57) 3) Privi Speciality Chemicals Ltd. (RSI: 49.69, Prev.

RSI: 51.71) 4) Balkrishna Industries Ltd. (RSI: 49.68, Prev. RSI: 54.8) 5) Brigade Enterprises Ltd.

(RSI: 49.53, Prev. RSI: 51.59) 6) Deepak Fertilisers And Petrochemicals Corporation Ltd. (RSI: 49.31, Prev.

RSI: 54.16) 7) ZF Commercial Vehicle Control Systems India Ltd. (RSI: 49.28, Prev. RSI: 55.35) 8) Rain Industries Ltd.

(RSI: 49.23, Prev. RSI: 51.51) 9) Carborundum Universal Ltd. (RSI: 49.16, Prev.

RSI: 52.42) 10) Tech Mahindra Ltd. (RSI: 49.15, Prev. RSI: 56.88)(Disclaimer: This is an AI generated article.