Sharekhan is bullish on CESC has recommended buy rating on the stock with a target price of Rs 105 in its research report dated November 09, 2023.

Dive into the world of stock market analysis as we unravel the significance of the Relative Strength Index (RSI) and its implications for 10 stocks showing a downtrend in RSI. ETMarkets explores why monitoring RSI is crucial for making informed investment choices.

The board of power utility company CESC on Wednesday approved the issuance of 30,000 non-convertible debentures on private placement basis to raise Rs 300 crore. "Committee of the board at its meeting held today,

Emkay Global Financial is bullish on CESC has recommended buy rating on the stock with a target price of Rs 105 in its research report dated September 07, 2023.

Emkay Global Financial is bullish on CESC has recommended buy rating on the stock with a target price of Rs 100 in its research report dated August 06, 2023.

Sharekhan is bullish on CESC has recommended buy rating on the stock with a target price of Rs 93 in its research report dated August 04, 2023.

On the Nifty, 19,400-19,300 is likely to cushion any short-term blip, while the sacrosanct support lies around the bullish gap of 19,200 in the comparable period.

“The whole power story can be played in multiple ways. Either you own the traditional utilities or you end up owning these suppliers or the vendor base which initially benefit disproportionately out of the capex that the utilities are doing. Smart metering is one such way to play the whole power sector theme.”

The Relative Strength Index (RSI) is a vital tool for analyzing stock movement and identifying potential opportunities in the market. This article highlights 10 stocks that have experienced a decline in RSI, indicating a potential change in momentum. RSI values range from 0 to 100 and provide insights into whether a stock is overbought or oversold. A downward trend in RSI suggests that selling pressure may be increasing, which could lead to a price correction or temporary pullback. It is essential to conduct thorough research and seek personalized guidance from financial advisors before making investment decisions.