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RSI is relative strength index . It works effectively in non-trending period .There are two lines 70 mark and 30 mark.
When the price goes above the 70 mark then it is overbought then the price may fall.
when the price goes below the 30 mark then it is oversold then the price may go up.
Relative strength index is an indicator which works well during nontrending areas and the upper limit is set as 70 and lower limit is 30, so when it crosses 70 it indicates over buy and goes up and comes back and touches 70 that is the indication to sell. When it touches 30 it indicates overselling and goes below 30 and gets support and some buying takes place and when it reaches 30 and that is the buy signal we get from following RSI.
RSI: Relative strength index, it works in non trending period, There is two lines 30 and 70 if the price moves above 70 it is overbought and when it again touches 70 we can sell and if the price touches 30 it is oversold and again if it touches 30 we can buy the stock.
Relative Strength Indicator is a momentum indicator. It is used to chart the current and historic strength or weakness of a stock based on the closing prices of a recent trading period. Usually, it uses a 21-day timeline. RSI oscillates between 0 and 100 with high and low marked at 70 and 30 respectively.
RSI is used to identify the Oversold and Overbought regions of a stock based on which the stock can either be bought or sold respectively.
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