Which RSI should we consider?

I was just learning RSI a day before and get to know 70 % is overbought and 30% is overbought but I am confused with which time period should I choose while trade?


Reliance’s Monthly RSI is at 68 and Daily at 71.

So what are the indications it is giving?

Looking for your expertise in this matter. :heavy_heart_exclamation:

It depends on the type of trade you are going to do , for a day trader , Daily RSI over bought / over sold level , for a swing trader / short term trader RSI to be considered is weekly. And in your example , Reliance , RSI is in over bought on daily chart compared to Monthly chart.

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Thanks for your response.

I got your point, does minor or major trend also matters here in case of RSI?

Well mostly RSI Indicator is considered for a Trading/ sideways , Markets or for stocks. RSI gives whipsaws in a trending Market or for trending stock , either upside or for a downside. So broadly Chart Indicators are differentiated as trending indicator & Trading indicators or as oscillators . RSI is an oscillator and accordingly RSI needs to be interpreted . So its better to know the , phase of the market or stock before applying RSI indicator.

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hourly works most of the time along with 30m, well lower the timeframe more false signals

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