Time to be cautious? In the past, the NSE Nifty 50 index has plunged as much 65% from its high after the monthly RSI peaked above the 80-mark. At present, Nifty monthly RSI stands near 83.
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Also, big swings can cause you to make irrational decisions. These price swings can be expressed in terms of standard deviation. Standard deviation is used in many fields and situations to help ...