KPR Mills, Fortis Healthcare among 10 stocks with RSI trending down

When it comes to deciphering the nuances of stock trading, investors often turn to technical indicators to make informed decisions. Among these, the Relative Strength Index (RSI) is a crucial tool. Let's unravel the mystery behind RSI and understand its importance in assessing stock movements.

The Relative Strength Index (RSI) is a momentum oscillator that gauges the speed and magnitude of a stock's recent price movements. It operates on a scale from 0 to 100, offering insights into whether a stock is overbought or oversold. RSI values above 70 typically indicate that a stock may be overbought and due for a potential price correction. Conversely, RSI values below 30 suggest an oversold condition, possibly signaling a buying opportunity.

10 Stocks with Declining RSI to Watch


1) K.P.R. Mill Ltd. (NSE: KPRMILL) - RSI: 49.93, Prev. RSI: 56.51

2) Fortis Healthcare Ltd. (NSE: FORTIS) - RSI: 49.86, Prev. RSI: 51.94

3) Balaji Amines Ltd. (NSE: BALAMINES) - RSI: 49.83, Prev. RSI: 52.59

4) ITC Ltd. (NSE: ITC) - RSI: 49.59, Prev. RSI: 51.29

5) KSB Ltd. (NSE: KSB) - RSI: 49.58, Prev. RSI: 54.69

6) Sun Pharma Advanced Research Company Ltd. (NSE: SPARC) - RSI: 49.57, Prev. RSI: 52.27

7) SKF India Ltd. (NSE: SKFINDIA) - RSI: 49.55, Prev. RSI: 51.1

8) IIFL Finance Ltd. (NSE: IIFL) - RSI: 49.53, Prev. RSI: 51.29

9) Thermax Ltd. (NSE: THERMAX) - RSI: 49.29, Prev. RSI: 51.2

10) EIH Ltd. (NSE: EIHOTEL) - RSI: 49.2, Prev. RSI: 54.83

Data concerning stocks with a declining RSI on September 18, Monday, 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)