TCS, Escorts Kubota among 10 overbought stocks with RSI above 70

economictimes.indiatimes.com:

On July 17, Monday, StockEdge reported 27 stocks in the overbought zone with a bearish or declining RSI trend, and from that list, ETMarkets has carefully selected 10 stocks that warrant attention. RSI readings above 70 indicate overbought conditions, suggesting that the stock may be due for a correction. Conversely, readings below 30 indicate oversold conditions, indicating the stock may be undervalued and due for a potential rebound.

10 Overbought Stocks with Bearish RSI Trend Let's now explore the 10 overbought stocks with a bearish or declining RSI trend: 1) Saregama India Ltd. (RSI: 69.74, Prev. RSI: 72.15) 2) Tata Consultancy Services Ltd.

(RSI: 69.52, Prev. RSI: 72.7) 3) Jindal Steel & Power Ltd. (RSI: 69.5, Prev.

RSI: 71.72) 4) Torrent Pharmaceuticals Ltd. (RSI: 69.45, Prev. RSI: 70.34) 5) Escorts Kubota Ltd.

(RSI: 69.41, Prev. RSI: 71.86) 6) The Fertilisers And Chemicals Travancore Ltd. (RSI: 69.28, Prev.

RSI: 70.61) 7) Piramal Enterprises Ltd. (RSI: 69.09, Prev. RSI: 71.83) 8) Bajaj Holdings & Investment Ltd.

(RSI: 69.03, Prev. RSI: 75.24) 9) ICICI Lombard General Insurance Company Ltd. (RSI: 68.98, Prev.

RSI: 73.25) 10) Exide Industries Ltd. (RSI: 68.84, Prev. RSI: 80.95 (Disclaimer: This is an AI generated article.