NMDC broke the falling resistance trendline adjoining highs of January 13 and August 1, and clocked more than 4 percent gains at Rs 118.70. The stock has seen formation of long bullish candlestick pattern on the daily timeframe, with multi-fold jump in trading volumes.
This article explores the significance of the overbought zone, leveraging data from StockEdge and curated selections by ETMarkets. Uncover insights on overbought stocks, their implications, and the importance of assessing stock movements for informed investment decisions.
The intricate world of stock trading demands a discerning approach, with tools like the Relative Strength Index (RSI) helping investors make informed decisions. This article delves into RSI s significance, its role in understanding stock trends, and investigates 10 overbought stocks showing bearish RSI trends.