The leading indicator RSI, is strong during trading Market- range bound market.It indicates when price is low enough to indicate a buy and high enough to indicate a sell.The strength,the momentum  of the stock in the market could be understood as it fluctuates between overbought and oversold levels.RSI above 70 signifies strength and below 30 signifies weakness.

2 Comments
  1. vignesh 6 years ago

    Hi,
    your work is good.

  2. Author
    Latha Prabha Kumar 6 years ago

    Thank you Vignesh for your feed back.It really motivates me to move forward and gaining confidence in the analysis.

    Kind regards

    Latha

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