NMDC, Mangalore Refinery among 10 overbought stocks with RSI above 70
The Relative Strength Index (RSI) is a widely used technical indicator that helps investors understand the momentum and speed of price movements. It's a tool that provides valuable insights into a stock's overbought or oversold condition and more.
Top 10 Stocks in the Overbought Zone
On October 17, StockEdge reported that 33 stocks had entered the overbought zone. Here are 10 of them:
1) ITI Ltd.
RSI: 87.17
Prev.
RSI: 84.69
2) MMTC Ltd.
RSI: 83.56
Prev. RSI: 81.78
3) The Fertilisers And Chemicals Travancore Ltd.
RSI: 83.28
Prev. RSI: 76.78
4) KIOCL Ltd.
RSI: 82.56
Prev.
RSI: 74.92
5) Coal India Ltd.
RSI: 79.26
Prev. RSI: 77
6) Gujarat State Fertilizers & Chemicals Ltd.
RSI: 78.91
Prev. RSI: 77.75
7) Home First Finance Company India Ltd.
RSI: 78.24
Prev.
RSI: 71.15
8) Oil India Ltd.
RSI: 77.21
Prev. RSI: 72.28
Why These Stocks Matter
9) NMDC Ltd.
RSI: 77.63
Prev. RSI: 77.74
10) Mangalore Refinery And Petrochemicals Ltd.
RSI: 77.24
Prev.
RSI: 67.91
Data pertaining to stocks which are trading in an overbought zone on October 18, Wednesday will be updated later today after market hours.
(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)
