The RSI is a widely-used technical indicator that measures the speed and change of price movements in a stock. It ranges between 0 and 100 and is particularly valuable in identifying overbought and oversold conditions. An RSI value above 70 typically indicates an overbought scenario, suggesting a potential pullback, while an RSI below 30 suggests an oversold condition, indicating a possible price recovery.
On August 9, StockEdge reported that 20 stocks were experiencing a downward trend in their RSI values. From this list, ETMarkets selected 10 stocks that exhibited noteworthy RSI trends:
1) Havells India Ltd.
2) UNO Minda Ltd.
3) Sona BLW Precision Forgings Ltd.
4) CRISIL Ltd.
5) Network 18 Media & Investments Ltd.
6) Endurance Technologies Ltd.
7) Medplus Health Services Ltd.
8) Max Financial Services Ltd.
9) Relaxo Footwears Ltd.
10) Bata India Ltd.
The data pertaining to stocks which are trading with RSI trending down on August 10, Thursday will be updated later today after market hours.
(Disclaimer: This is an AI generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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