Indian Shares and Technical Analysis
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Indian Shares and Technical Analysis |
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Relative Strength Index - RSI |
BSE India Stock Tips
NSE India Stock
Tips
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Relative Strength compares the magnitude of recent gains to recent losses to determine situations which may be overbought and oversold. In this chart the RSI ranges from 0 to 100. A security is said to be overbought when the RSI approaches the 70 level, and according to theory, it may be overvalued and has increased potential for a pullback. When the RSI approaches 30, it is an indication that the security may
be undervalued.
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