Tata Investment, MCX among 10 overbought stocks with RSI trending above 70
The Relative Strength Index (RSI) is a versatile momentum oscillator that quantifies the speed and change of price movements. RSI values range from 0 to 100 and help investors determine whether a stock is overbought (above 70) or oversold (below 30). Here's why RSI is a crucial tool for investors:
Now, let's explore the 10 stocks that were in the overbought zone on September 28, Thursday:
1) Tata Investment Corporation Ltd.
RSI: 87.7
Prev.
RSI: 85.38
2) Multi Commodity Exchange Of India Ltd.
RSI: 80.71
Prev. RSI: 72.96
3) Gujarat Ambuja Exports Ltd.
RSI: 79.75
Prev. RSI: 79.18
4) Sunteck Realty Ltd.
RSI: 77.91
Prev.
RSI: 75.44
5) CE Info Systems Ltd.
RSI: 77.71
Prev. RSI: 70.88
6) Ujjivan Small Finance Bank Ltd.
RSI: 76.59
Prev. RSI: 75.55
7) Larsen & Toubro Ltd.
RSI: 74.94
Prev.
RSI: 71.51
8) GMM Pfaudler Ltd.
RSI: 72.18
Prev. RSI: 73.65
9) Indian Overseas Bank
RSI: 74.35
Prev. RSI: 72.4
10) Coal India Ltd.
RSI: 73.05
Prev.
RSI: 74.97
Data for stocks in a similar condition on September 29, Friday, 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)
