The Relative Strength Index (RSI) is a widely-used momentum oscillator that gauges the speed and magnitude of price movements. It’s a scale ranging from 0 to 100, with readings above 70 indicating overbought conditions and readings below 30 indicating oversold conditions. RSI is a critical instrument for investors to identify potential trend reversals and entry/exit points.
On October 11, Wednesday, StockEdge reported 12 stocks with a downtrending RSI. We have chosen 10 of these stocks, offering valuable insights for potential investors. Let’s dive into the details:
1) Varun Beverages Ltd.
RSI: 49.56
Previous RSI: 54.64
2) VIP Industries Ltd.
RSI: 49.55
Previous RSI: 51.683) State Bank Of India
RSI: 49.18
Previous RSI: 51.31
4) Balrampur Chini Mills Ltd.
RSI: 49.07
Previous RSI: 51.24
5) EIH Ltd.
RSI: 48.7
Previous RSI: 50.06
6) Bank Of Baroda
RSI: 48.67
Previous RSI: 56.86
7) JSW Energy Ltd.
RSI: 48.46
Previous RSI: 52.32
8) Motherson Sumi Wiring India Ltd.
RSI: 48.27
Previous RSI: 51.36
9) Narayana Hrudayalaya Ltd.
RSI: 47.9
Previous RSI: 50.2
10) NMDC Steel Ltd.
RSI: 47.81
Previous RSI: 52.14
Data on stocks with a downtrending RSI on October 12, Thursday will be updated on stockedge 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)
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