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The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100. Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.
As of today (2026-08-14), Garg Furnace's 9-Day RSI is 57.92.
The industry rank for Garg Furnace's 9-Day RSI or its related term are showing as below:
BOM:530615's 9-Day RSI is ranked worse than 65.49% of 652
companies
in the Steel industry
Industry Median: 52.385
vs BOM:530615: 57.92
The Relative Strength Index (RSI), developed by J. Welles Wilder in his book “New Concepts in Technical Trading Systems.”, is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100.
Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30. A RSI surpasses the 30 level indicates a bullish sign, when it slides below 70 level, it’s a bearish sign. This level can be adjusted depending on the security’s pattern and the market’s underlying trend. In an uptrend or bullish market, the RSI might range within a higher interval, investors could set the support level higher. If a downtrend or bearish market occurs, investors may need to lower the resistance level.
RSI can also be used in trading techniques to indicate the trading signal, such as Divergences and Swing Rejections. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.
Garg Furnace 9-Day RSI Related Terms
BOM:530615 vs NUE, STLD, RS: 9-Day RSI Comparison
For the Steel subindustry, Garg Furnace's 9-Day RSI, along with its competitors' market caps and 9-Day RSI data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Garg Furnace 9-Day RSI vs Steel Industry
For the Steel industry and Basic Materials sector, Garg Furnace's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Garg Furnace's 9-Day RSI falls into.
* Note that the formula uses a positive value for the average loss.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Garg Furnace (BOM:530615) has a 9-Day RSI of 57.92 as of Aug. 14, 2026. According to the industry distribution chart, Garg Furnace ranks #427 out of 652 companies in the Steel industry, placing it in the top 65.5%.
Is Garg Furnace's 9-Day RSI too high?
Garg Furnace's current 9-Day RSI is 57.92. The Steel industry median 9-Day RSI is 52.39. Garg Furnace's value of 57.92 is 10.6% above this industry median. Based on the distribution chart, Garg Furnace ranks #427 out of 652 companies in the Steel industry, which is below the industry midpoint. Overall, Garg Furnace has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Garg Furnace's 9-Day RSI compare to NUE and STLD?
According to the Steel industry distribution chart, Garg Furnace ranks #427 out of 652 companies for 9-Day RSI. This places Garg Furnace in the lower half of its industry. The industry median 9-Day RSI is 52.39. Garg Furnace's value of 57.92 is 10.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 9-Day RSI for a Steel company?
The median 9-Day RSI among Steel companies is 52.39, based on 652 companies in the industry. Companies in the top quartile (top 25%) have a 9-Day RSI significantly above this median, while those in the bottom quartile fall well below. However, 9-Day RSI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Garg Furnace's current 9-Day RSI of 57.92 is 10.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 9-Day RSI mean?
A high 9-Day RSI can signal that a stock is expensive relative to its fundamentals. For the Steel industry, the median 9-Day RSI is 52.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garg Furnace's current 9-Day RSI is 57.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garg Furnace stock overvalued right now?
Based on GuruFocus' analysis, Garg Furnace (BOM:530615) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹177.17, compared to a current price of ₹133.80 — trading 24.5% below its estimated fair value. The current 9-Day RSI is 57.92 and 10.6% above the Steel industry median of 52.39. Garg Furnace's overall GF Score™ is 65/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 9-Day RSI calculated?
9-Day RSI is calculated from a company's financial statements. For Garg Furnace (BOM:530615), the current 9-Day RSI is 57.92 as of Aug. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Garg Furnace (BOM:530615) Overvalued in 2026?
Based on GuruFocus' analysis, Garg Furnace stock appears to be undervalued.
The current stock price of ₹133.80 is trading 24.5% below its estimated GF Value™ of ₹177.17.
GuruFocus considers Garg Furnace to be Modestly Undervalued.
Key valuation signals for BOM:530615:
9-Day RSI: 57.92
GF Value™: ₹177.17 vs. price of ₹133.80 (24.5% below fair value)
Industry Position: 10.6% above the Steel median (#427 of 652)
No single metric tells the full story. See the BOM:530615 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Garg Furnace Ltd is an India-based company. It is engaged in the manufacturing and trading of alloy and non-alloy steel ingots, wire rods, wire round, mig wire, and casting of iron products. The company operates in a single reportable segment which is the business of manufacturing of Iron and Steel Products such as M.S. Round Ingot, Wire Rod, etc. Geographically, it operates only in India.
65GF Score
Get the complete analysis for BOM:530615
9-Day RSI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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