Paytm among 9 large & midcap stocks flashing bearish signals as RSI heads lower

​RSI or Relative Strength Index computes the ratio of the recent upward price movement of the security to the absolute price movement. The metric ranges from 0-100 and the time period considered by StockEdge to measure the metric is 14 days. Typically, RSI is a momentum indicator used in the technical analysis of stocks and helps to determine the overvalued or undervalued state of the security.

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A stock flashes a downtrend signal in case the RSI trends below 50 from above. Here are all the large and midcap stocks that are generating a downtrend signal. Note the data given here is from the previous trading session as today’s data would be updated after market hours. (Source: StockEdge)

RSI as on July 11: 49.53| Previous RSI: 51.3| Previous closing price: Rs 992.25| % performance: -0.4%

RSI as on July 11: 49.24| Previous RSI: 51.51| Previous closing price: Rs 1648.4| % performance: -0.5%

​RSI as on July 11: 49.24| Previous RSI: 52.51| Previous closing price: Rs 120.95| % performance: -1.1%

​RSI as on July 11: 47.93| Previous RSI: 50.19| Previous closing price: Rs 2272.05| % performance: -0.6%

RSI as on July 11: 47.33| Previous RSI: 50.6| Previous closing price: Rs 1389.35| % performance: -0.6%

​RSI as on July 11: 46.68| Previous RSI: 50.4| Previous closing price: Rs 806.75| % performance: -2%

​RSI as on July 11: 46.22| Previous RSI: 50.88| Previous closing price: Rs 953.2| % performance: -1.1%

​RSI as on July 11: 45.14| Previous RSI: 54.97| Previous closing price: Rs 277.55| % performance: -1.7%

​RSI as on July 11: 43.77| Previous RSI: 52.76| Previous closing price: Rs 416.85| % performance: -3.1%