United Breweries, Go Fashion among 10 stocks with RSI trending down

In the world of stock trading, staying ahead of market trends is crucial for success. One powerful tool for this purpose is the Relative Strength Index (RSI). Today, we delve into why RSI matters and take a closer look at 10 stocks that have witnessed a decline in their RSI.

The Relative Strength Index (RSI) is a technical indicator that aids investors in understanding the momentum and velocity of price movements. It provides crucial insights into a stock's overbought or oversold condition, among other things.

10 Stocks with Declining RSI


On October 17, StockEdge reported 17 stocks with a declining RSI. Here are 10 of these stocks to keep an eye on:

1) VIP Industries Ltd.
RSI: 48.57
Prev. RSI: 58.38

2) GMR Airports Infrastructure Ltd.
RSI: 48.54
Prev. RSI: 50.66

3) Amara Raja Energy & Mobility Ltd.
RSI: 47.97
Prev. RSI: 55.38

4) United Breweries Ltd.
RSI: 47.78
Prev. RSI: 52.58

5) Go Fashion (India) Ltd.
RSI: 47.68
Prev. RSI: 50.79

6) Tata Consultancy Services Ltd.
RSI: 46.8
Prev. RSI: 53.33

7) Endurance Technologies Ltd.
RSI: 46.52
Prev. RSI: 50.71

8) JB Chemicals & Pharmaceuticals Ltd.
RSI: 43.57
Prev. RSI: 51.89

9) Asahi India Glass Ltd.
RSI: 46.32
Prev. RSI: 51.33

10) Sumitomo Chemical India Ltd.
RSI: 45.7
Prev. RSI: 51.18

Data pertaining to stocks whose RSI was trending down on October 18, Wednesday 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)