Aarti Drugs, Tejas Networks among 10 stocks with bearish RSI trends

economictimes.indiatimes.com:

Relative Strength Index (RSI) is an important technical indicator which measures the speed and change of price movements. An RSI reading above 70 typically indicates an overbought condition, suggesting that a stock may be trading at a higher price than its underlying value. The RSI is a momentum oscillator that measures the strength and velocity of price movements.

RSI values range from 0 to 100, with an RSI reading above 70 indicating an overbought condition, while a reading below 30 suggests an oversold condition. Traders use RSI to identify potential reversal points and gauge a stock's momentum. The data pertaining to stocks whose RSI was trading bearish while the stocks were overbought on July 21, Friday will be updated later today.10 Overbought Stocks with Bearish RSI Trends: 1) TVS Holdings Ltd.

(RSI: 69.82, Prev. RSI: 72.61): A diversified conglomerate with interests in various sectors. 2) Aarti Drugs Ltd.

(RSI: 68.86, Prev. RSI: 74.23): A leading pharmaceutical company specializing in API manufacturing. 3) Tejas Networks Ltd.

(RSI: 68.72, Prev. RSI: 72.51): A global provider of optical and data networking products. 4) Ratnamani Metals & Tubes Ltd.

(RSI: 67.98, Prev. RSI: 73.16): A prominent manufacturer of stainless steel tubes and pipes. 5) Rossari Biotech Ltd.

(RSI: 67.76, Prev. RSI: 71.88): A specialty chemicals manufacturer catering to diverse industries. 6) Ipca Laboratories Ltd.

(RSI: 67.43, Prev. RSI: 75.79): A renowned pharmaceutical company engaged in formulations and APIs. 7) Krishna Institute of Medical Sciences Ltd.

(RSI: 67.43, Prev. RSI: 72.29): A leading healthcare provider operating multiple hospitals. 8) Godrej Agrovet Ltd.