Sun Pharma among 7 stocks in overbought state as RSI crosses 70

, ETMarkets.com|

16 Aug 2023, 01:49 PM IST

1/11

In Oversold Zone

ETMarkets has collated a list of major counters whose RSIs have crossed the 70 mark from below, suggesting they have entered into the overbought state. Typically, this is considered a bearish sign. Note the data is from the previous trading day. (Source: StockEdge)

iStock

2/11

What is RSI?

RSI, which is a momentum indicator, gives short-term buy and sell signals and helps to determine a stock’s overbought and oversold state. It is the ratio of the recent upward price movement to the absolute price movement. The value of RSI ranges between 0-100. The StockEdge data computes the value of RSI by taking 14 days as the reference period.

iStock

3/11

Understanding Overbought state

Overbought refers to a condition wherein the stock has been subject to constant upward pressure, and now the technical analysis hints at correction in due course. Constant pressure results in continued bullishness which is considered unreasonable by traders. When this is the case, such an asset is said to be overbought, and traders then generally bet on the reversal in price trend.

iStock

4/11

Suven Pharmaceuticals

RSI on August 14: 75.99| Last closing price as on August 14: Rs 509.5

ETMarkets.com

5/11

Hatsun Agro Product

RSI on August 14: 74.15| Last closing price as on August 14: Rs 1117

ETMarkets.com

6/11

Tamilnad Mercantile Bank

RSI on August 14: 72.47| Last closing price as on August 14: Rs 476.35

ETMarkets.com

7/11

Astrazeneca Pharma India

RSI on August 14: 72.05| Last closing price as on August 14: Rs 3958.75

ETMarkets.com

8/11

Finolex Industries

RSI on August 14: 70.99| Last closing price as on August 14: Rs 208.65

ETMarkets.com

9/11

Amber Enterprises

RSI on August 14: 70.93| Last closing price as on August 14: Rs 2603.05

ETMarkets.com

10/11

MAS Financial Services

RSI on August 14: 70.77| Last closing price as on August 14: Rs 843.65

ETMarkets.com

11/11

Eris Lifesciences

RSI on August 14: 70.47| Last closing price as on August 14: Rs 825.85

ETMarkets.com

Read more on

tamilnad mercantile bank

Apollo Hospitals Enterprises Share Price	4941.90
03:58 PM \| 16 Aug 2023	121.05(2.51%)
UltraTech Cement Share Price	8251.90
03:56 PM \| 16 Aug 2023	197.60(2.45%)
NTPC Share Price	217.45
03:59 PM \| 16 Aug 2023	4.45(2.09%)
Tata Motors Share Price	618.75
03:59 PM \| 16 Aug 2023	11.40(1.88%)
Infosys Share Price	1418.50
03:59 PM \| 16 Aug 2023	24.95(1.79%)
Mahindra & Mahindra Share Price	1570.60
03:59 PM \| 16 Aug 2023	23.75(1.54%)
Power Grid Corporation of India Share Price	248.05
03:59 PM \| 16 Aug 2023	3.55(1.45%)
Larsen & Toubro Share Price	2691.05
03:56 PM \| 16 Aug 2023	31.15(1.17%)
Maruti Suzuki Share Price	9419.55
03:59 PM \| 16 Aug 2023	97.90(1.05%)
Wipro Share Price	418.65
03:59 PM \| 16 Aug 2023	3.50(0.84%)
Sun Pharmaceutical Industries Share Price	1143.65
03:56 PM \| 16 Aug 2023	9.40(0.83%)
State Bank of India Share Price	565.35
03:59 PM \| 16 Aug 2023	4.55(0.81%)
Hindustan Unilever Share Price	2552.60
03:58 PM \| 16 Aug 2023	19.50(0.77%)
Tech Mahindra Share Price	1227.85
03:59 PM \| 16 Aug 2023	8.10(0.66%)
Cipla Share Price	1243.55
03:56 PM \| 16 Aug 2023	7.95(0.64%)
Dr Reddys Laboratories Share Price	5857.85
03:49 PM \| 16 Aug 2023	34.50(0.59%)
Oil & Natural Gas Corporation Share Price	179.05
03:59 PM \| 16 Aug 2023	1.05(0.59%)
HCL Technologies Share Price	1177.15
03:59 PM \| 16 Aug 2023	6.15(0.53%)
Bharat Petroleum Corporation Share Price	357.90
03:59 PM \| 16 Aug 2023	1.35(0.38%)
Grasim Industries Share Price	1816.90
03:59 PM \| 16 Aug 2023	5.15(0.28%)
Tata Consultancy Share Price	3458.40
03:58 PM \| 16 Aug 2023	8.55(0.25%)
ITC Share Price	450.25
03:59 PM \| 16 Aug 2023	1.05(0.23%)
Nestle India Share Price	21947.90
03:56 PM \| 16 Aug 2023	48.40(0.22%)
LTIMindtree Share Price	5197.90
03:59 PM \| 16 Aug 2023	4.60(0.09%)
Titan Company Share Price	3011.10
03:59 PM \| 16 Aug 2023	0.45(0.01%)
Britannia Industries Share Price	4498.50
03:59 PM \| 16 Aug 2023	-1.10(-0.02%)
Reliance Industries Share Price	2575.15
03:59 PM \| 16 Aug 2023	-2.10(-0.08%)
UPL Share Price	589.80
03:59 PM \| 16 Aug 2023	-0.50(-0.08%)
Asian Paints Share Price	3194.05
03:58 PM \| 16 Aug 2023	-8.55(-0.27%)
HDFC Bank Share Price	1606.20
03:59 PM \| 16 Aug 2023	-4.70(-0.29%)
ICICI Bank Share Price	956.50
03:59 PM \| 16 Aug 2023	-3.05(-0.32%)
Eicher Motors Share Price	3327.20
03:58 PM \| 16 Aug 2023	-11.50(-0.34%)
Bajaj Auto Share Price	4600.60
03:56 PM \| 16 Aug 2023	-16.10(-0.35%)
Coal India Share Price	233.05
03:58 PM \| 16 Aug 2023	-0.85(-0.36%)
Kotak Mahindra Bank Share Price	1786.20
03:59 PM \| 16 Aug 2023	-7.90(-0.44%)
Adani Enterprises Share Price	2445.10
03:59 PM \| 16 Aug 2023	-10.90(-0.44%)
SBI Life Share Price	1291.30
03:50 PM \| 16 Aug 2023	-5.80(-0.45%)
TATA CONSUMER PRODUCTS Share Price	840.70
03:59 PM \| 16 Aug 2023	-4.00(-0.47%)
Divis Laboratories Share Price	3712.10
03:57 PM \| 16 Aug 2023	-18.45(-0.49%)
JSW Steel Share Price	795.30
03:59 PM \| 16 Aug 2023	-4.15(-0.52%)
Bajaj Finance Share Price	6981.50
03:59 PM \| 16 Aug 2023	-36.55(-0.52%)
IndusInd Bank Share Price	1380.70
03:59 PM \| 16 Aug 2023	-8.20(-0.59%)
Axis Bank Share Price	933.05
03:58 PM \| 16 Aug 2023	-6.90(-0.73%)
Bajaj Finserv Share Price	1469.85
03:59 PM \| 16 Aug 2023	-12.20(-0.82%)
Hero MotoCorp Share Price	2981.75
03:55 PM \| 16 Aug 2023	-28.90(-0.96%)
Bharti Airtel Share Price	856.95
03:59 PM \| 16 Aug 2023	-10.10(-1.16%)
HDFC LIFE INSURANCE Share Price	625.15
03:57 PM \| 16 Aug 2023	-7.60(-1.20%)
Hindalco Industries Share Price	445.20
03:59 PM \| 16 Aug 2023	-5.60(-1.24%)
Adani Ports & Special Economic Zone Share Price	776.10
03:59 PM \| 16 Aug 2023	-11.05(-1.40%)
Tata Steel Share Price	115.95
03:59 PM \| 16 Aug 2023	-2.20(-1.86%)
Load more..

Sun Pharma among 7 stocks in overbought state as RSI crosses 70

In Oversold Zone

What is RSI?

Understanding Overbought state

Suven Pharmaceuticals

Hatsun Agro Product

Tamilnad Mercantile Bank

Astrazeneca Pharma India

Finolex Industries

Amber Enterprises

MAS Financial Services

Eris Lifesciences

To post this comment you must

Fill in your details:

Share this Comment:

Sun Pharma among 7 stocks in overbought state as RSI crosses 70​

​In Oversold Zone

​​What is RSI?

Understanding Overbought state

​​Suven Pharmaceuticals

​​Hatsun Agro Product

​​Tamilnad Mercantile Bank

​​Astrazeneca Pharma India

​​Finolex Industries

Amber Enterprises

MAS Financial Services

​​Eris Lifesciences

To post this comment you must

Fill in your details:

Share this Comment:

Sun Pharma among 7 stocks in overbought state as RSI crosses 70

In Oversold Zone

What is RSI?

Suven Pharmaceuticals

Hatsun Agro Product

Tamilnad Mercantile Bank

Astrazeneca Pharma India

Finolex Industries

Eris Lifesciences