Interglobe Aviation, Dabur India among 10 stocks with RSI trending down

As the stock market remains in a constant state of flux, investors are always on the lookout for reliable indicators to understand stock movements better. Among the plethora of technical indicators, the Relative Strength Index (RSI) stands out as a powerful tool for assessing a stock's momentum and potential reversal points. On August 1, StockEdge identified 16 stocks trading with RSI trending down. In this article, we will focus on 10 of these stocks, as handpicked by ETMarkets, to explore the significance of RSI and its implications for investors.

The Relative Strength Index, commonly known as RSI, is a technical momentum indicator that measures the magnitude of recent price changes in a stock. RSI oscillates between 0 and 100, and values above 70 are considered overbought, while values below 30 are deemed oversold. The RSI is a versatile tool that aids investors in identifying potential trend reversals and gauging a stock's strength or weakness.

10 Stocks with RSI trending down:

1) Ingersoll-Rand (India) Ltd. - RSI: 49.33, Prev. RSI: 57.37

2) JK Cement Ltd. - RSI: 49.11, Prev. RSI: 50.94

3) Vardhman Textiles Ltd. - RSI: 47.9, Prev. RSI: 53.39

4) Interglobe Aviation Ltd. - RSI: 47.78, Prev. RSI: 50.04

5) Dabur India Ltd. - RSI: 47.38, Prev. RSI: 52.2

6) CIE Automotive India Ltd. - RSI: 47, Prev. RSI: 51.89

7) K.P.R. Mill Ltd. - RSI: 46.65, Prev. RSI: 50.57

8) Infibeam Avenues Ltd. - RSI: 46.52, Prev. RSI: 50.65

9) Global Health Ltd. - RSI: 46.5, Prev. RSI: 63.5

10) Bajaj Finserv Ltd. - RSI: 46.19, Prev. RSI: 52.61

The data pertaining to stocks whose RSI was trending down on August 2, 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)