BSE, Godrej Properties among 10 overbought stocks trading with bearish RSI

economictimes.indiatimes.com:

RSI trend. Understanding RSI and its importance in assessing stock movement is essential for investors. Out of the 16 stocks reported by StockEdge on June 30, Friday, ETMarkets has selected 10 stocks that are currently trading in an overbought zone but the trend in them remains bearish.

Please note that the data pertaining to stocks with bearish RSI trends while being overbought on July 3, Monday, will be updated later today. The RSI is a popular technical indicator used to measure the speed and change of price movements in a stock. It ranges from 0 to 100 and is calculated based on the average gains and losses over a specific period, typically 14 days.

RSI helps identify whether a stock is overbought or oversold, providing insights into potential price reversals or corrections. An RSI reading above 70 suggests overbought conditions, indicating a possible downturn, while a reading below 30 implies oversold conditions, hinting at a potential rebound. Assessing stock movement based on RSI can help investors make informed decisions and manage risks effectively.

Exploring Stocks in Overbought Zone with Bearish RSI Trends:1) Aurobindo Pharma Ltd. RSI: 69.77 | Prev. RSI: 75.742) REC Ltd. RSI: 69.65 | Prev. RSI: 73.873) Torrent Pharmaceuticals Ltd. RSI: 69.43 | Prev.

RSI: 86.724) Sheela Foam Ltd. RSI: 69.32 | Prev. RSI: 70.35) Central Depository Services (India) Ltd. RSI: 69.17 | Prev. RSI: 71.616) Vijaya Diagnostic Centre Ltd. RSI: 68.91 | Prev.

RSI: 80.657) Mangalore Refinery And Petrochemicals Ltd. RSI: 68.6 | Prev. RSI: 70.778) Godrej Properties Ltd. RSI: 68.46 | Prev. RSI: 72.329) BSE Ltd. RSI: 68.2 | Prev.