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Economic Times
4 minutes ago
- Economic Times
The RSI myth: Does this popular trading indicator actually work?
A 25-year backtest of RSI strategies across Indian indices reveals that long-only approaches yield promising results, particularly the RSI 30-70 reversal method for patient investors. Active traders may find faster RSI strategies beneficial for capital rotation. While not a magic formula, RSI proves useful when integrated into a broader, well-defined trading strategy. Tired of too many ads? Remove Ads Understanding RSI: What makes it so popular? A high RSI indicates strong recent gains, possibly signaling overbought conditions. indicates strong recent gains, possibly signaling overbought conditions. A low RSI suggests recent price declines, potentially highlighting oversold levels. RSI 30-70 reversal strategy: Buying when RSI recovers from oversold territory (crosses above 30) and selling when it dips from overbought levels (falls below 70). Buying when RSI recovers from oversold territory (crosses above 30) and selling when it dips from overbought levels (falls below 70). RSI 50 cross strategy: Buying when RSI rises above 50 (signaling upward momentum) and selling when it drops below 50. Buying when RSI rises above 50 (signaling upward momentum) and selling when it drops below 50. RSI EMA crossover strategy: Comparing RSI with its Exponential Moving Average (EMA) to identify smoother momentum shifts. Tired of too many ads? Remove Ads Putting RSI to the Test: What 25 years of data revealed Long-only RSI strategies worked. Short-selling and combined long-short strategies failed to generate consistent returns. The RSI 30-70 reversal method delivered the highest average returns per trade — but signaled very few trades. Ideal for long-term, patient investors. RSI EMA Cross and RSI 50 Cross strategies generated faster, more frequent trades with smaller gains per trade — better suited for active traders focused on capital rotation. Tweaking RSI settings significantly improved performance. Longer periods (like 21-day RSI) boosted returns in reversal strategies, while shorter periods (7-day RSI) worked better for faster strategies. Key Takeaway: RSI is useful, but not foolproof (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) For most investors and traders, technical analysis can often feel overwhelming filled with complicated charts, patterns, and unfamiliar terms. However, one indicator has managed to cut through this complexity with its simplicity and popularity: the Relative Strength Index ( RSI ).RSI is widely used to identify when a stock or index may be 'overbought' or 'oversold', helping traders spot potential turning points in the market. Over the years, it has become a go-to tool for both beginners and experienced market participants is a momentum indicator that measures the speed and strength of recent price movements. Plotted on a scale of 0 to 100, RSI values help traders understand whether a stock or index is potentially overbought (RSI above 70) or oversold (RSI below 30). RSI near 50 is typically considered practical terms:With this logic, many traders use RSI to time their entries and exits. Popular methods include:While these strategies are simple to implement, the real question remains: are they profitable?To separate myth from reality, conducted a 25-year backtest of these strategies across the Nifty 50, Nifty Next 50, Midcap 150, Smallcap 250, and Nifty 500 indices. The goal was clear: evaluate whether RSI-based strategies can generate consistent trading profits in Indian the world of trading, knowing when and how to use an indicator is just as important as knowing what it is. Tools like RSI are not shortcuts to success—they are decision-support mechanisms. When used thoughtfully and as part of a broader, well-defined strategy, they can help traders navigate the markets with greater discipline and structure. But relying on any single indicator in isolation is rarely a recipe for consistent 25-year backtest across India's major indices shows that RSI-based strategies can work, but not all of them perform equally. Long-only strategies delivered promising results for patient, long-term investors, while active traders may benefit from faster-moving RSI strategies focused on capital isn't a magic formula — but it's not irrelevant either.(The author, Nishchal Jain is Quant Researcher at )(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
India.com
4 minutes ago
- India.com
BSNL's Rs 1 plan to give tough competition to Mukesh Ambani's Jio, Sunil Mittal's Airtel; offers unlimited.., last date to avail offer...
The Bharat Sanchar Nigam Limited (BSNL) has introduced a new digital revolution. The state-owned telecommunications firm has disrupted private operators by offering an unbelievable plan of just Rs 1. The offer gives users 30 days of validity, unlimited calling, and 2GB of daily data. BSNL announced this new plan in conjunction with Independence Day celebrations. This affordable offer will be attractive to many users as BSNL seeks to expand its market in this competitive industry. Through its official X (previously Twitter) account, BSNL announced its new 'Freedom Offer.' The state-run telecommunications organization has detailed that users will receive 'True Digital Freedom' for just Re 1. This plan offers 30 days of validity, with daily 2GB high-speed data, unlimited calling across India, and free national roaming. Users will also receive a plan that allows for 100 free SMS per day. Sharing a post on X(previously Twitter), BSNL India wrote, 'Azadi ka plan at just Rs. 1/- & get true digital freedom with BSNL. With 30 days of unlimited calls, 2GB data/day, 100 SMS/day, and a free SIM. Applicable for new users only.' The offer will be valid till August 31, 2025. Check the benefits below: Get 2 GB/day Unlimited voice 100 SMS/day 30-day validity Free Sim Customers are advised to walk into their nearest BSNL CSC or retailer.
Hans India
4 minutes ago
- Hans India
RBI's interest rate decision, Q1 results, tariff-related news to drive markets this week: Analysts
NEW DELHI: Equity markets this week will turn their focus on the RBI's interest rate decision, Q1 earnings from several blue-chip firms and tariff-related news for further cues, analysts said. Moreover, trading activity of foreign investors and trends in global equity markets will also drive investors' sentiment. "At the domestic level, all eyes will be on the Reserve Bank of India's monetary policy meeting, where the central bank's commentary on inflation, liquidity, and growth outlook will be keenly watched. On the earnings front, results from marquee companies, including Bharti Airtel, DLF, Bajaj Auto, Hero MotoCorp, Tata Motors, State Bank of India and Life Insurance Corporation of India, will shape sectoral momentum," Ajit Mishra – SVP, Research, Religare Broking Ltd, said. Other important triggers include the release of HSBC services and composite PMI, crude oil price movement, and further commentary from the US on trade negotiations -- all of which are likely to influence near-term volatility, Mishra added. Trade-related concerns and persistent selling by foreign investors added to the gloom in the markets last week. Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd, said, "Looking ahead, the RBI policy meeting scheduled for August 6 will be a key event, especially amid heightened volatility from both global and domestic triggers. "Meanwhile, several major Nifty companies, including Adani Ports, Bharti Airtel, Bajaj Auto, Hero MotoCorp, Trent, Titan, State Bank of India and Tata Motors, are set to report their earnings this week, which could drive stock-specific action". Last week, the BSE benchmark Sensex tanked 863.18 points or 1.05 per cent, and the NSE Nifty dropped 271.65 points or 1.09 per cent. US President Donald Trump's decision to impose a 25 per cent tariff on Indian goods and an unspecified penalty for trade in energy and defence goods with Russia was unexpected, and therefore, it has impacted market sentiments in the short term, VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said. Indian equities are expected to remain in consolidation mode amid the imposition of US tariffs, a mixed Q1 FY26 earnings season so far, and intensifying FII outflows, Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, said. "On the macro front, important data to watch include the RBI and Bank of England's interest rate decisions, along with the services PMI for both the US and India," he added. On Friday, the Sensex tumbled 585.67 points or 0.72 per cent to settle at 80,599.91, and the Nifty declined 203 points or 0.82 per cent to 24,565.35. Market perception is that after the initial chaos, there will be a deal between India and the US after the next round of negotiations. A steady trend of FPI flows will emerge after the dust settles, Vijayakumar said.
