JSW Energy, Aurobindo Pharma among 5 stocks with bearish RSI

economictimes.indiatimes.com:

Relative Strength Index (RSI) emerges as a guiding beacon for traders and investors. On August 17, StockEdge's data uncovered a thought-provoking scenario: 13 stocks were entrenched in the overbought zone, yet their RSI trends signaled a bearish or downward trajectory.

This complex interplay underscores the importance of digging deeper to make informed choices. The RSI is a potent momentum oscillator that quantifies the velocity and extent of price changes.

With a scale from 0 to 100, an RSI above 70 suggests potential overbought conditions, while a reading below 30 might imply oversold situations. RSI isn't merely a number; it offers insights into a stock's recent performance and potential shifts in market sentiment.

A Glimpse into 5 Overbought Stocks with Bearish RSI by ETMarkets: 1) JSW Energy 2) Aurobindo Pharma 3) Polycab India 4) Indian Overseas Bank 5) Caplin Point Laboratories image.png Data pertaining to stocks whose RSI was bearish on August 18, Friday will be updated later today. (Disclaimer: This is an AI-generated article.

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