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RSI- Relative Strength Index
When RSI is below 30 indicates stock is oversold and indicating buying zone.
RSI – Relative Strength Index, it measures the speed and change of price movement.
Buying zone- when a stock goes below the 30% mark and then again goes above the 30% mark, at this point once should buy the stock.
Also if a stock is sold then once should buy it either by the end of the day or when the price goes to 30% mark.
RSI – Relative Strength Index. Technical indicator for side ways movement. Range 30-70
Buy Zone : RSI goes to a low but bounces and touches 30 . its a buy zone.
Sell Zone : RSI reaches top but when it touches 70 , it falls temporarily creating a position for short sell
Relative Strength Index (RSI) is an indicator for sideways movements.
If the movement is below 30%mark, it can be considered as the beginning of buying zone.
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