iStockThe Relative Strength Index (RSI) is a momentum oscillator used in technical analysis to gauge the speed and change of price movements. RSI values typically range from 0 to 100, with readings above 70 suggesting overbought conditions and readings below 30 indicating oversold conditions. A declining RSI can signify weakening momentum.
10 Stocks in the Overbought Zone with Bearish RSI Trends
Now, let's explore 10 stocks that are trading in the overbought zone while their RSI trends show a bearish decline:
1) Emami Ltd. (NSE: EMAMILTD) - RSI: 69.95, Prev. RSI: 75.75
2) Bayer CropScience Ltd. (NSE: BAYERCROP) - RSI: 69.9, Prev. RSI: 75.29
4) Privi Speciality Chemicals Ltd. (NSE: PRIVISCL) - RSI: 68.48, Prev. RSI: 80.06
5) Central Depository Services (India) Ltd. (NSE: CDSL) - RSI: 67.59, Prev. RSI: 79.06
6) Titan Company Ltd. (NSE: TITAN) - RSI: 67.57, Prev. RSI: 74.83
7) Rail Vikas Nigam Ltd. (NSE: RVNL) - RSI: 67.14, Prev. RSI: 86.22
8) Macrotech Developers Ltd. (NSE: MACROTECH) - RSI: 66.81, Prev. RSI: 70.79
9) Procter & Gamble Hygiene and Health Care Ltd. (NSE: PGHH) - RSI: 66.66, Prev. RSI: 72.03
10) Vodafone Idea Ltd. (NSE: IDEA) - RSI: 66.65, Prev. RSI: 82.61
Data related to stocks with a bearish RSI trend while trading 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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