iStockThe Relative Strength Index (RSI) is a widely used momentum oscillator in technical analysis. It measures the speed and change of price movements and provides insights into whether a stock is overbought or oversold. RSI values typically range from 0 to 100, with readings above 70 indicating overbought conditions and readings below 30 suggesting oversold conditions.
Let's now explore 10 stocks that are currently trading in the overbought zone:
1) ITI Ltd. (NSE: ITI) - RSI: 86.95, Prev. RSI: 81.67
2) Indian Railway Finance Corporation Ltd. (NSE: IRFC) - RSI: 83.71, Prev. RSI: 88.11
3) HCL Technologies Ltd. (NSE: HCLTECH) - RSI: 79.81, Prev. RSI: 79.69
5) Cholamandalam Financial Holdings Ltd. (NSE: CHOLAFIN) - RSI: 79.58, Prev. RSI: 79.04
6) Larsen & Toubro Ltd. (NSE: LT) - RSI: 79.01, Prev. RSI: 76.10
7) BSE Ltd. (NSE: BSE) - RSI: 78.89, Prev. RSI: 92.76
8) Maharashtra Scooters Ltd. (NSE: MAHSCOOTER) - RSI: 77.53, Prev. RSI: 82.56
9) Whirlpool Of India Ltd. (NSE: WHIRLPOOL) - RSI: 77.34, Prev. RSI: 84.77
10) Jindal Stainless Ltd. (NSE: JSL) - RSI: 76.74, Prev. RSI: 86.24
Data related to stocks in the overbought zone on September 13, Wednesday, will be updated later.
(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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