Bajaj Auto, Schaeffler India among 10 stocks trading with bearish RSI

Relative Strength Index (RSI) is a powerful tool for assessing stock momentum and provides insights into the strength and direction of price trends. In this article, we will explore stocks that have recently witnessed their RSI trending down and discuss the significance of this movement.

On July 3, Monday, StockEdge reported 15 stocks that were trading down, and ETMarkets has handpicked 10 stocks from this group that have experienced a decline in their RSI. It's important to note that the data pertaining to stocks whose RSI was trending down on July 3, Tuesday, will be updated later today after market hours.

The RSI is a popular technical indicator that measures the speed and change of price movements. It oscillates between 0 and 100, with values above 70 indicating overbought conditions and values below 30 suggesting oversold conditions. RSI helps investors assess whether a stock is gaining or losing momentum, and it can be a valuable tool for identifying potential trend reversals.


Exploring Stocks with RSI Trending Down:

1) Cera Sanitaryware Ltd.
RSI: 49.94
Prev. RSI: 50.85

2) Hikal Ltd.
RSI: 49.83
Prev. RSI: 51.87

3) Atul Ltd.
RSI: 49.47
Prev. RSI: 54.19

4) Apollo Tyres Ltd.
RSI: 49.03
Prev. RSI: 57.36

5) Suven Pharmaceuticals Ltd.
RSI: 49.03
Prev. RSI: 61.8

6) Mastek Ltd.
RSI: 48.23
Prev. RSI: 51.14

7) Brigade Enterprises Ltd.
RSI: 47.97
Prev. RSI: 53.63

8) Bajaj Auto Ltd.
RSI: 47.91
Prev. RSI: 56.34

9) Schaeffler India Ltd.
RSI: 47.56
Prev. RSI: 52.9

10) UPL Ltd.
RSI: 47.56
Prev. RSI: 52.02

(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)