​8 largecap bank stocks in overbought zone based on Stochastic Oscillator​

Stochastic oscillator is another 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.

The indicator helps in generating overbought and oversold trading signals. Also, the indicator measures the momentum of a security’s price for determining trends and predicting reversals.

Slow Stochastic: 93.65| Previous close: Rs 1024.75

Slow Stochastic: 93.12| Previous close: Rs 217.3

Slow Stochastic: 92.48| Previous close: Rs 76.9

Slow Stochastic: 92.17| Previous close: Rs 372.25

Slow Stochastic: 88.47| Previous close: Rs 603.95

Slow Stochastic: 87.76| Previous close: Rs 1456.9

Slow Stochastic: 85.59| Previous close: Rs 990.2

Slow Stochastic: 82.03| Previous close: Rs 1629.05