What is RSI? How to identify the buying zone?

[vetrivel Participant Rank: Level 2]

The RSI appreciation is relative strength index.
RSI is two types of horizontal is 70 and 30.
The buyer top 70 and bottom 30.
The buyer zone is 30

[davidrajan Participant Rank: Level 3]

RSI is the full form of (Relative Strength Index)

This is the momentum indicator two horizontal lines indicating 70at top and 30 at bottom

Price movement above 70 shows OVER OOUGHT AREA and price movement BELOW 30 shows OVER SOLD AREA

Buying zone when price crosses ABOVE exactly at 30 it in the right point to buy

 

[Vinoth Kumar Participant Rank: Level 4]

Relative Strength Index are Scale of Two Horizontal line at 70 and 30.

RSI>70 – Indicate Strength.

RSI<30 – Indicate Weakness.

RSI Cross down to 70- Over Brought.

RSI Upside 30 – Over sold.

[gorantla.vinod Participant Rank: Level 4]

RSI – Relative strength indicator is one of the technical indication. it will help in non trending i.e sideways.

RSI cross upside 30 mark indicates oversold. with the help of other price patterns/dow theory, long position can be considered

[kanakaraj Participant Rank: Level 4]

RSI is a technical indicator .

RSI less than 70 indicates its strength.

[Author]

Posts