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How to use RSI?

Mainly RSI is used by traders to spot the overbought and oversold zones of a stock price. A widely used range for the overbought zone is upwards of 70 and for the oversold zone is downward of 30. A stock price nearing 70 is waiting to be corrected and a price near 30 is waiting to bounce back. Sometimes, RSI is clubbed with MACD or moving averages for better decision-making.

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