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Vineet Chawla

26th May 2025 · SEBI-Registered Analyst

Decreasing RSI

HDFCBANK
Key points: 1. Overbought condition: RSI above 70, indicating the asset is overbought. 2. Downward momentum: RSI decreasing, showing weakening upward momentum. 3. Potential reversal: Decreasing RSI can signal an impending reversal or correction. Trading implications: 1. Sell signal: A decreasing RSI can be a sell signal, especially if combined with other bearish indicators. 2. Short-term correction: A decreasing RSI can indicate a short-term correction or consolidation.

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Image 26-05-25 at 10.36 PM.jpeg
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