Paytm, Polytech India among 10 stocks with RSI trending down

In the ever-evolving landscape of stock trading, investors rely on a plethora of tools and indicators to navigate the markets effectively. One such tool, the Relative Strength Index (RSI), has gained prominence as a key indicator in technical analysis. On September 12, Tuesday, StockEdge reported a notable trend: over 120 stocks had witnessed a decline in their RSI. Today, we've selected 10 of these stocks for a closer examination, shedding light on the significance of RSI and its pivotal role in assessing stock movements.

The Relative Strength Index (RSI) is a widely used momentum oscillator in technical analysis. It quantifies the speed and change of price movements, providing insights into whether a stock is overbought or oversold. RSI values typically range from 0 to 100, with readings above 70 indicating overbought conditions and readings below 30 suggesting oversold conditions. A declining RSI can signal weakening momentum.

Let's delve into 10 stocks that have experienced a decline in their RSI:


1) Eris Lifesciences Ltd. (NSE: ERIS) - RSI: 49.99, Prev. RSI: 53.57

2) Polycab India Ltd. (NSE: POLYCAB) - RSI: 49.92, Prev. RSI: 62.12

3) Indiabulls Real Estate Ltd. (NSE: IBREALEST) - RSI: 49.64, Prev. RSI: 70.05

4) Sterling and Wilson Renewable Energy Ltd. (NSE: SWSOLAR) - RSI: 49.64, Prev. RSI: 61.66

5) Lux Industries Ltd. (NSE: LUXIND) - RSI: 49.61, Prev. RSI: 63.48

6) Olectra Greentech Ltd. (NSE: OLECTRA) - RSI: 49.58, Prev. RSI: 60.25

7) One97 Communications Ltd. (NSE: ONE97) - RSI: 49.57, Prev. RSI: 61.29

8) JBM Auto Ltd. (NSE: JBMA) - RSI: 49.53, Prev. RSI: 56.75

9) Angel One Ltd. (NSE: ANGELONE) - RSI: 49.51, Prev. RSI: 63.61

10) Sun Pharma Advanced Research Company Ltd. (NSE: SPARC) - RSI: 49.5, Prev. RSI: 60.94

Please note that data related to stocks with declining RSI trends on September 13, Wednesday, will be updated later.

(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)