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RSI is Relative Strength Index has a range between 30 to 70.It is used for analysis during non-trending zone.
Buy:
If RSI<30,it means that the stock is oversold and it is the time to buy.
RSI stands for Relative Strength Indicator ,its good indicator in non trending zone.
RSI segregates data of month between 2 levels, 30 and 70.If indicator is moving above 70 means the stock is over bought and tend to fell now, and if indicator moves below 30 then it shows that stock is over sold and tend to rise in prize. When the indicator which is outside of 30 line get back to within 30 line then its time to buy the stock.
RSI stands for relative strength indicator, which works good in non trending time i.e; when the market move side ways.
buy; when the RSI below 30 manages to cross 30 line
RSI stands for relative strength indicator. There are two marks 30 and 70 mark.
When price goes above 70 mark then it is overbought and price will begin to fall.
When price goes below 30 mark then it is oversold and price will begin to increase.
RSI stands for Relative Strength Index:
It is generally preferred for a non-trending zone that is sideways movement.
The indicator implies two levels or margin to a trending chart are 70 and 30 as upper and lower margins respectively.
When the price goes above the level 70 indicates a over bought and which is expected to hit back the margin and probably we may chose to have a short position.
When the price goes below the level 30 indicates a over sold and which is expected to hit back the margin, probably we may chose to have a long position.
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