TCS, Adani Power among 9 stocks with bearish RSI

In the ever-fluctuating landscape of stock markets, investors often grapple with conflicting signals. One such scenario is when a stock is deemed overbought, yet its Relative Strength Index (RSI) trend is bearish or declining. On September 13, Wednesday, StockEdge reported a list of 9 such stocks that warrant attention. Today, we’ll explore the importance of RSI and analyze these stocks, shedding light on why understanding RSI movements is critical for investors.

The Relative Strength Index (RSI) is a widely used technical indicator that measures the speed and change of price movements. RSI values range from 0 to 100, with readings above 70 typically indicating that a stock is overbought, while readings below 30 suggest oversold conditions. RSI is a momentum oscillator that can help investors gauge the strength and direction of price trends.