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Relative strength index(RSI) is defined as identifying the overbought and oversold area in the price line.
If the price is reached at oversold area, then buy zone is identified. 30 is the oversold region in RSI.
If the price is reached at overbought area, then sell zone is identified. 70 is the overbought region in RSI.
RSI is nothing but relative strength index and it identifies the overbought and oversold stock. It is usually for two weeks and measured on a scale of 0 to 100 with> 70 meaning overbought and< 30 signifying oversold
RSI is Relative Strength Index .
When the share price goes below the lower horizontal indicator then comes back crossing the line, we can buy the stock.
RSI means Relative strength index by which we can identify overbought/over sold region of a stock in the chart.It is measured on a scale between 0 to 100 . If RSI is above 70 then it is over bought and less than 30, it is over sold. It is working in non trending zone. In case of a over sold stock if its price movement crosses 30 again and moves above the line, it is time to buy.
rsi – relative strength index
it works in the non trending time
it indicates the overbought & oversold region
when the rsi indicator is applied lower scale appears with 70 & 30 mark line
if the rsi scale goes above 7o mark i.e. rsi>70 it indicates the strength and if rsi scale comes back to 70 mark it indicates the overbought , temporary weakness is expected
is the rsi scale goes below 30 mark i.e. rsi<30 it indicates the weakness an if rsi comes back to 30 mark it indicates the oversold , temporary strength is expected
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