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Tagged: RSI
RSI – Relative strength index. It works exceptionally well in the side wards movement, so this is a non trending indicator.
RSI above 70% indicates lot of strength but the moment it comes below 70% mark to the below level which shows a significant buying it over bought and RSI below 30% indicates weakness, lot of selling is happening and at some point it is oversold. we can buy the stock at the second point where the prices are slightly started to move up .
The term “Relative Strength Index” can be a bit misleading as it does not compare the relative strength of two securities, but instead shows the internal strength of the security. RSI is the most popular leading indicator, which gives out strongest signals during the periods of sideways and non trending ranges.
A value between 0 and 30 is considered oversold, hence the trader should look at buying opportunities.
RSI- It is a readymade indicator ranging between 0 to 100.
0-30: Oversold
70-100: Overbought
When the trend goes below 30 and bounces back the same line it is entering the buying zone.
RSI (relative strength index) is a technical indicator which is used to chart the market based on recent closing price.
Short position: Sell when price falls below 70% mark. Buy later.
Long position: Buy when price moves above 30% mark. Sell later
Relative strength index is a type of indicator which identifies overbought and oversold stocks.
it is measured on a scale of 0-100. If the stock goes above 70 it is considered overbought and we can sell when it comes back to 70 again.
when the stock goes below 30 it is considered oversold and when it comes back to 30 we can place buy order
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