Federal Bank Limited has been taken as a sample stock to determine and measure change and speed of price movement(called RSI) relative strength index over the period of Sep-dec16. Marked areas where RSI is above 70 as overbought and areas where RSI is<30 as oversold . This provides a relative evaluation of the strength of a stock’s recent price performance indicating a trend reversal at overbought and oversold points.
The Federal Bank Limited RSI
