Relative Strength Index (RSI). It provides valuable insights into the momentum of a stock's price movements. However, interpreting RSI correctly is crucial, especially when some stocks defy conventional wisdom.
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements.
It oscillates between 0 and 100, offering insights into whether a stock is overbought or oversold. RSI values above 70 typically suggest that a stock is overbought and might be due for a correction. Conversely, RSI values below 30 indicate an oversold condition and a potential buying opportunity.
10 Stocks Defying RSI Trends
1) PNB Housing Finance Ltd.
(NSE: PNBHOUSING) — RSI: 69.87, Prev. RSI: 73.39
2) Tata Motors Ltd. — DVR Ordinary (NSE: TATAMTRDVR) — RSI: 69.68, Prev.
3) Torrent Power Ltd. (NSE: TORNTPOWER) — RSI: 69.56, Prev. RSI: 71.10
4) Bank Of Baroda (NSE: BANKBARODA) — RSI: 69.09, Prev.
5) Glenmark Pharmaceuticals Ltd. (NSE: GLENMARK) — RSI: 68.64, Prev. RSI: 72.12
6) Avanti Feeds Ltd.
(NSE: AVANTIFEED) — RSI: 68.00, Prev. RSI: 70.20
7) SJVN Ltd. (NSE: SJVN) — RSI: 67.45, Prev.
8) Computer Age Management Services Ltd. (NSE: CAMS) — RSI: 67.26, Prev. RSI: 70.77
9) Ircon International Ltd.
(NSE: IRCON) — RSI: 66.98, Prev. RSI: 71.89
10) Granules India Ltd. (NSE: GRANULES) — RSI: 66.81, Prev.
It's important to note that data related to stocks with RSI trends on September 18, Monday, 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)