The RSI is a momentum oscillator that measures the speed and change of a stock s price movements. RSI values range from 0 to 100, with readings above 70 indicating overbought conditions, and readings below 30 indicating oversold conditions.
Tata Teleservices (Maharashtra), a leading telecom service provider, exhibited a strong performance on July 19, 2023, with its stock price reaching Rs. 80.95, crossing the 200 SMA of Rs. 78.9. The company is a subsidiary of Tata Group and operates in the highly competitive telecommunications sector.
The RSI is a technical indicator widely used by traders and investors to gauge the momentum of a stock. It oscillates between 0 to 100 and measures the speed and change of price movements.