The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is typically used to identify overbought or oversold conditions in a stock.
An RSI above 70 suggests that a stock is overbought, potentially due for a price correction. Conversely, an RSI below 30 indicates oversold conditions, suggesting a potential rebound.
10 Stocks Defying the Norm
1) Blue Star Ltd. (NSE: BLUESTARCO) – RSI: 79.80
2) Bajaj Auto Ltd. (NSE: BAJAJ-AUTO) – RSI: 79.49
3) Tata Investment Corporation Ltd. (NSE: TATAINVEST) – RSI: 79.14
4) Cholamandalam Financial Holdings Ltd. (NSE: CHOLAFIN) – RSI: 78.27
5) Sundaram Finance Ltd. (NSE: SUNDARMFIN) – RSI: 77.91
6) Apar Industries Ltd. (NSE: APARINDS) – RSI: 77.70
7) Varroc Engineering Ltd. (NSE: VARROC) – RSI: 75.85
8) Coal India Ltd. (NSE: COALINDIA) – RSI: 75.61
9) Maharashtra Scooters Ltd. (NSE: MAHSCOOTER) – RSI: 75.49
10 Punjab National Bank (NSE: PNB) – RSI: 75.47
Please note that data pertaining to stocks with bearish RSI trends in the overbought zone on September 21, Thursday, 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)
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