PTIThe overbought zone is a term used in technical analysis to describe a situation where a stock's price has risen significantly and is perceived to be trading at a level higher than its intrinsic value. The Relative Strength Index (RSI) is a valuable tool that helps identify overbought conditions. RSI values typically range from 0 to 100, with readings above 70 indicating overbought conditions and readings below 30 suggesting oversold conditions.
Now, let's explore 10 stocks currently trading in the overbought zone:
1) BSE Ltd. (BSE: BSE) - RSI: 92.76, Prev. RSI: 91.93
2) Cochin Shipyard Ltd. (NSE: COCHINSHIP) - RSI: 89.19, Prev. RSI: 90.31
3) Indian Railway Finance Corporation Ltd. (NSE: IRFC) - RSI: 88.11, Prev. RSI: 85.3
5) Rail Vikas Nigam Ltd. (NSE: RVNL) - RSI: 86.22, Prev. RSI: 78.54
6) Ircon International Ltd. (NSE: IRCON) - RSI: 85.18, Prev. RSI: 75.96
7) Whirlpool Of India Ltd. (NSE: WHIRLPOOL) - RSI: 84.77, Prev. RSI: 82.57
8) Schaeffler India Ltd. (NSE: SCHAEFFLER) - RSI: 83.13, Prev. RSI: 80.31
9) Tube Investments of India Ltd. (NSE: TUBEINVEST) - RSI: 83.02, Prev. RSI: 73.18
10) Dalmia Bharat Ltd. (NSE: DALBHARAT) - RSI: 82.61, Prev. RSI: 80.22
Please note that data related to stocks trading in the overbought zone on September 12, Tuesday, will be updated later today after market hours.
(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)
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