What is RSI (Relative Strength index).
*RSI is leading momentum oscillator.
*RSI provide relative evaluation of strength with price performance.
How this indicator works ;-
*RSI is considered overbought when above 70 and oversold when below 30.
*These traditional levels can also be adjusted if necessary to better fit the stock moments..
*For example, if a stock is repeatedly reaching the overbought level of 70 you may want to adjust this level to 80. As u can see in the chart of Nifty.
*Note: During strong trends, the RSI may remain in overbought or oversold for extended periods.Its work good in when market is in range or consolidating in particular zone.
*RSI is leading momentum oscillator.
*RSI provide relative evaluation of strength with price performance.
How this indicator works ;-
*RSI is considered overbought when above 70 and oversold when below 30.
*These traditional levels can also be adjusted if necessary to better fit the stock moments..
*For example, if a stock is repeatedly reaching the overbought level of 70 you may want to adjust this level to 80. As u can see in the chart of Nifty.
*Note: During strong trends, the RSI may remain in overbought or oversold for extended periods.Its work good in when market is in range or consolidating in particular zone.