Rsi and Rsi Divergence #NSE

The Relative Strength Index (RSI) is a widely used momentum oscillator in technical analysis that helps traders identify overbought or oversold conditions in a market. Here’s a brief overview:

Interpretation:

Overbought: An RSI above 70 suggests that the asset might be overbought and could be due for a pullback.

Oversold: An RSI below 30 indicates that the asset might be oversold and could be due for a bounce.

Usage: Traders often use RSI in conjunction with other indicators to confirm signals and make more informed trading decisions..