RSI is Relative Strength Index. Two parallel straight line drawn on near top and bottom waves of the non-trending chart. One way to interpret the RSI is by viewing the price as “overbought” – and due for a correction – when the indicator is above 70, and viewing the price as oversold – and due for a bounce – when the indicator is below 30. In a strong uptrend, the price will often reach 70 and beyond for sustained periods, and downtrends can stay at 30 or below for a long time.
MARUTI ‘RELATIVELY INDICATES STRENGTH’
