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RSI means Relative Strength Index which is a non-trending indicator. RSI below lowest point B is considered weak trend and any breakout at B can be the buying zone.
The relative strength indicator is seemed with a lot of ups and downs. Two paralel lines with one 70 mark and the other with 30 mark. The line is to move along two lines. If the line move towards upward and cut 70 from downward reveals the strength of buyers ,and when the line move downwards ,it exposes the overbought condition, . where we can go to sell. And the line when crosses the 30 line from upwards to downwards it expresses the over bought condition where can we can be ready and start buying when starts moving upwards. This type of indicator works well during sideways trends .
RSI the relative strength index is a nontrending indicator. When the stock becomes oversold it crosses below 30 marks and moves back again above 30. Hence a stock can be bought above 30 m
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.
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