On September 25, Monday, StockEdge identified 26 stocks with a declining Relative Strength Index (RSI). ETMarkets has selected 10 of these stocks for a closer look. This article dives into the importance of RSI and why it s vital for assessing stock movements.
The stock hit a 52-week high of Rs 844 on September 16, 2022, but it failed to hold on to the momentum. The stock closed at Rs 512 on September 15, 2023, translating into a fall of over 39%.