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Indian Bank RSI

Discussion in 'Technical Analysis' started by naveen1241, Jun 6, 2013.

  1. naveen1241

    naveen1241 Responder

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    Can anyone explain the RSI w.r.t the Indian Bank charts ?
    Will it be safe to invest at current levels for medium term ?

    Thanks
    Naveen
     
    naveen1241, Jun 6, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Only based on RSI?
     
    shabbir, Jun 6, 2013
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  3. vishuhd1

    vishuhd1 Member

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    Not sure whether you can decide on any stock just based on RSI..
    But chart says that this stock is in huge downtrend and it has come down to 140 levels from 215... Its almost trading at a 4 year low value.. You have to wait for couple of months for this stock to consolidate and form a base.. Its not advisable to go long in this as of now..
     
    vishuhd1, Jun 6, 2013
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  4. naveen1241

    naveen1241 Responder

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    Based on RSI, doesn't this stock look oversold ? Would like to know if RSI can be something which could be relied upon ? Of course other views are welcome.
    I have seen in many cases where RSI has fallen pretty much tends to give some bounce from the price levels. Dividend pay out also seems okay. So putting several factors in to account, if the Bank Nifty is going to go up, i suppose these beaten down stocks will give an upside.
     
    naveen1241, Jun 6, 2013
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  5. naveen1241

    naveen1241 Responder

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    When could RSI prove useful or when could it be applied and how ? This what i would like to know to put my query in a different way..

    Thanks
     
    naveen1241, Jun 6, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    I don't prefer using RSI and oversold and overbought params
     
    shabbir, Jun 6, 2013
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  7. krasquinha

    krasquinha Member

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    wait for the price to bounce back , refer MACD alswell . I think its not a good advise to buy this stock now.
     
    krasquinha, Jun 18, 2013
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