The Relative Strength Index (RSI) is a key indicator that investors rely on for insights into stock movements. On November 6, Tuesday, StockEdge unveiled over 60 stocks trending up, and ETMarkets delves into 5 of these stocks to understand the importance of RSI and how it can guide investment choices.
"We have been learning throughout the last three decades that getting a stock at 100 times PE multiple or five or six times of sales is definitely not a good idea unless you are so confident that it will become 10 times of sales over the next two years or so and that can happen only if that is the only company in that sector existing on earth which is not the case."