feel free to call us +919500077790 info@eqsis.com
Tagged: RSI
Relative Strength Indicator is technical indicator best used when price is in non trending area.
When RSI > 70% it is overbought (Sell signal), best place to sell is when RSI touches the 70% mark.
RSI < 30 is oversold (Buy signal), best place to buy is when RSI touches the 30% mark.
RSI is relative strength index. lines are drawn on the miniature chart and horizontal lines are drawn on it. If RSI < 70 then short position is executed and if RSI>30 long position is executed.
RSI: The relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an stock.
It exceptionally works in the sideways movement / non-trending area.
Guidelines:
The RSI time period is normally 14 days. The RSI is measured on a scale from 0 to 100, with high and low levels marked at 70 and 30, respectively.If RSI is more than 70, it indicates “over bought zone”If RSI is less than 30, it indicates “over sold zone” and its time to buy now. The over sold territory can be identified as a buying zone.
RSI technical indicator to buy a stock at general trend.
RSI: Relative strength index, RSI is used at non-trending zone
It has a line for 70 and 30 score. When the price moves above 70 the share is in buying zone.
EQSIS, A Stock Market Research Firm
Knowledge is Power. Here you may start from basics, get support while practicing and evolve as active analyst, later you can become a pro