​4 midcap banking stocks in overbought zone, suggests Stochastic Oscillator​

​A stochastic oscillator is a momentum indicator used in technical analysis. The tool compares the stock’s particular closing price to the price range over some period. Usually, the period for computing Stochastic is 14 days.

Formula: %K= 100 [(C-L14)/ ( H14-L14)]

Herein, C is the closing price, L14 is the lowest price during the reference period of 14 days and H14 is the highest price during the period.

​

​The indicator helps in generating overbought and oversold trading signals. Also, the indicator measures the momentum of a stock's price, which helps in determining trends and predicting reversals.

​Slow Stochastic: 92.1| Previous close: Rs 82.3| Change %: 1.4%

​Slow Stochastic: 90.74| Previous close: Rs 324.3| Change %: 4.6%

​Slow Stochastic: 86.34| Previous close: Rs 134.25| Change %: -0.6%

​Slow Stochastic: 82.5| Previous close: Rs 32| Change %: 1%