Overbought stocks: Bajaj Finserv, Poly Medicure among 10 stocks trading above RSI of 70

economictimes.indiatimes.com:

Relative Strength Index (RSI) is vital for understanding the dynamics of stock movement and investors seeking to make informed decisions can use this technical indicator. On July 4, Tuesday, StockEdge reported 79 stocks in the overbought zone, and among them, ETMarkets has handpicked 10 stocks for further analysis. The RSI is a widely used technical indicator that measures the magnitude and speed of price movements.

It ranges from 0 to 100, with values above 70 indicating an overbought condition, suggesting that a stock may be due for a price correction. RSI is a valuable tool for assessing market sentiment and identifying potential reversals in trend. Please note that the data related to stocks trading in the overbought zone on July 5, Wednesday, will be updated later today after market hours.

Exploring Overbought Stocks:1) JBM Auto Ltd.RSI: 88.97 Prev. RSI: 87.422) Angel One Ltd.RSI: 81.21 Prev. RSI: 79.823) Bajaj Finserv Ltd.RSI: 81.04 Prev.

RSI: 69.14) BSE Ltd.RSI: 80.71 Prev. RSI: 80.275) Housing Development Finance Corporation Ltd.RSI: 80.33 Prev. RSI: 79.346) Exide Industries Ltd.RSI: 79.89 Prev.

RSI: 80.727) Poly Medicure Ltd.RSI: 79.49 Prev. RSI: 79.478) Blue Dart Express Ltd.RSI: 81.13 Prev. RSI: 80.759) Lloyds Metals & Energy Ltd.RSI: 79.65 Prev.

RSI: 76.5510) Suzlon Energy Ltd.RSI: 80.93 Prev. RSI: 76.55 (Disclaimer: This is an AI generated article. Recommendations, suggestions, views, and opinions given by experts are their own.