Trade effectively using RSI

There are many indicators which can be used in Technical Analysis to anticipate the price movements. The RSI is one among these indicators. RSI stands for Relative Strength Index. The RSI can take a value between 0 and 100. The value above 70 is considered as overbought situation and value below 30 is considered as oversold situation. The RSI is used extensively by the technical analysts to generate accurate equity tips.