RSI analysis of select construction companies in NSE of India

Construction industry in India performs predominant role in the overall development of the country. This sector offers employment opportunity to about 40 million people in the Country and it contributes 8% of the GDP. Construction industry ranked third in terms of affecting other sectors. During the demonetization in India construction sector also affected and it reflected in performance of the construction companies. Investors aim is to gain profit out of their investments. Hence the investors should pay more attention to achieve their investment objectives. In this present study the researcher made an attempt to identify top three Construction Companies based on the total assets as per the last balance sheet. To achieve the output of the select construction companies, Relative Strength Index (RSI) was deployed and appropriate suggestions also made.