Jyothy Labs, Prestige Estates among 10 stocks with bearish RSI
The Relative Strength Index (RSI) is a widely used momentum oscillator that measures the speed and change of price movements. RSI values range from 0 to 100 and are typically used to identify overbought (above 70) or oversold (below 30) conditions in a stock.
Here's why RSI is crucial for assessing stock movement:
Now, let's take a closer look at the 10 stocks that are currently trading in the overbought zone with a bearish RSI trend:
1. Jyothy Labs Ltd.
RSI: 66.91
Prev.
RSI: 78.76
2. Prestige Estates Projects Ltd.
RSI: 66.89
Prev. RSI: 73.79
3. Supreme Petrochem Ltd.
RSI: 66.82
Prev.
RSI: 70.04
4. K.P.R. Mill Ltd.
RSI: 65.91
Prev.
RSI: 72.86
5. Shree Renuka Sugars Ltd.
RSI: 65.78
Prev. RSI: 72.23
6. Prism Johnson Ltd.
RSI: 65.69
Prev.
RSI: 71.24
7. Sterlite Technologies Ltd.
RSI: 65.69
Prev. RSI: 72.10
8. Indiabulls Housing Finance Ltd.
RSI: 64.90
Prev.
RSI: 73.82
9. DCM Shriram Ltd.
RSI: 64.17
Prev. RSI: 75.53
10. Angel One Ltd.
RSI: 61.82
Prev.
RSI: 73.15
Please keep in mind that the data pertaining to stocks with bearish RSI trends while being overbought on September 6, Wednesday, will be updated later today.
(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)
