India, March 5 -- The Relative Strength Index (RSI) is a widely used momentum indicator that tracks the speed and magnitude of recent price movements. Displayed on a scale from 0 to 100, it helps traders gauge trend strength and spot conditions where prices may be stretched.

Typically, an RSI above 70 signals that an asset could be overbought, raising the risk of a near-term pullback. Conversely, readings below 30 suggest oversold levels, often hinting at a possible bounce or price recovery.

Vedant Fashions Ltd Vedant Fashions Ltd is an Indian ethnic wear company best known for its flagship brand Manyavar. The company designs and sells traditional apparel for weddings and celebrations, including sherwanis, kurta sets, and lehengas, thr...