Overbought stocks: Mazagon Dock, Kalyan Jewellers among 10 stocks trading above RSI of 70
Relative Strength Index (RSI) is a technical indicator which is used to analyse stock movements and it helps investors to make informed investment decisions. The RSI is a technical indicator that measures the magnitude and velocity of recent price changes in a stock. It provides insights into whether a stock is overbought or oversold.
On July 12, Wednesday, StockEdge reported 84 stocks that were trending in the overbought zone, and ETMarkets has handpicked 10 stocks from this group that are currently trading in an overbought zone. The data pertaining to stocks which are trading in an overbought zone on July 13, Thursday will be updated later today after market hours. By assessing the RSI trend, investors can understand whether a stock's upward or downward movement is gaining or losing strength.
A rising RSI indicates increasing momentum and suggests that the stock's price is likely to continue its upward trend. 10 Stocks with Upward RSI Trend: 1) Olectra Greentech Ltd. (RSI: 92.58, Prev.
RSI: 91.19) 2) Mazagon Dock Shipbuilders Ltd. (RSI: 87.47, Prev. RSI: 84.43) 3) Exide Industries Ltd.
(RSI: 86.27, Prev. RSI: 85.44) 4) Kalyan Jewellers India Ltd. (RSI: 86.24, Prev.
RSI: 84.85) 5) Akzo Nobel India Ltd. (RSI: 81.69, Prev. RSI: 80.53) 6) Gillette India Ltd.
(RSI: 81.71, Prev. RSI: 79.05) 7) Patanjali Foods Ltd. (RSI: 82.27, Prev.
RSI: 80.08) 8) BSE Ltd. (RSI: 84.99, Prev. RSI: 78.92) 9) Nippon Life India Asset Management Ltd.
(RSI: 83.66, Prev. RSI: 82.06) 10) Lloyds Metals & Energy Ltd. 86.79 81.15 (Disclaimer: This is an AI-generated article.
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