The RSI is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between 0 and 100, with readings above 70 indicating overbought conditions, and below 30 signaling oversold conditions. Traders use RSI to assess whether a stock is overvalued or undervalued, helping them make prudent trading decisions.
ETMarkets’ Top 10 Overbought Stocks with Bearish RSI Trend:
1) Muthoot Finance Ltd. (RSI: 69.72, Prev. RSI: 71.04)
2) Medplus Health Services Ltd. (RSI: 68.83, Prev. RSI: 73.27)
3) Star Health and Allied Insurance Company Ltd. (RSI: 68.63, Prev. RSI: 72.55)
4) NLC India Ltd. (RSI: 68.56, Prev. RSI: 74.14)
5) Transport Corporation Of India Ltd. (RSI: 68.33, Prev. RSI: 74.25)
6) Ipca Laboratories Ltd. (RSI: 68.27, Prev. RSI: 71.33)
7) Jindal Steel & Power Ltd. (RSI: 68.27, Prev. RSI: 72.28)
8) Fortis Healthcare Ltd. (RSI: 68.06, Prev. RSI: 74.39)
9) Housing & Urban Development Corporation Ltd. (RSI: 67.74, Prev. RSI: 73.89)
10) 360 One Wam Ltd. (RSI: 67.59, Prev. RSI: 74.04)
Data pertaining to stocks whose RSI was trading bearish while the stocks were overbought on July 27, Thursday will be updated later today.
(Disclaimer: This is an AI-generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
