From the chart, it is seen from RSI that the sellers and buyers are exhibiting equal strength for a period and then suddenly, the sellers become more aggressive and push the RSI index of stock price below the 30 mark. The stock price is kept below that level for some time in which the stocks become oversold and the buyers are slowly gaining support. Once the buyers manage to push the index above the 30 mark, that should indicate the aggressiveness of the bulls and a trend reversal is expected. The price is expected to go up further and it is recommended to create a Long position.
