• Dhruvika Jadav
• Dr.Vaidehi Vaghela

RSI works as references when you want to gauge if the market is going through a bullish or bearish trend. While the general assumption that an indicator above 70 indicates overbought and below 30 indicates oversold holds true for most of the cases, there are others who insist that it can be held true value above 66.6 and below 33.3 as well. If the RSI close above 66.6 but goes below the value, it should not be assumed that the trend has reversed. RSI shows the current and historical strength and weakness of particular stock on closing price. This technical indicator clear the vision with relative strength. RSI is mostly used on 14 days’ time-frame if it is below 30 value it is considered as oversold, if it is above 70 value it is considered as overbought. In this paper, we try to apply the Relative Strength Index (RSI) indicator. We apply this strategy on stock, which is sampled using some important fundamental factors

Relative Strength Indicator, Technical Indicator

"Market prediction by Relative Strength Index", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 6, page no.i629-i633, June-2023, Available :http://www.jetir.org/papers/JETIR2306867.pdf

"Market prediction by Relative Strength Index", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 6, page no. ppi629-i633, June-2023, Available at : http://www.jetir.org/papers/JETIR2306867.pdf