In this section, you can find details about technical indicators, supporting tool for technical analysis. It helps us to identify the trend of the stock whether the its in bullish trend or bearish trend. When the stock is at trending zone, moving average can be used. Moving average is nothing but the average value of the stock prices for past n days from current day. It wont help much when the stock is in sideways movement. RSI stands for Relative strength index which help to identify the characteristics of the trend – whether stock is having strength, weakness, overbought or oversold .
RSI > 70 – indicates strength – consider long
RSI < 70 – overbought – consider short
RSI 30 – over sold -consider buying