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Bharath Petroleum Ltd – Relative Strength Index

Relative Strength Index is a Technical Indicator.  

It works in the Non Trending Zone.  The Index is marked at 30 and 70.  

When the graph cut the 70 line from top to it indicates a over bought signal and one can go short.

Similarly when the 30 line in cut from bottom to top it indicates an over sold signal and one can go long. 

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