This article illuminates 11 stocks, meticulously selected by ETMarkets, that exhibit a confluence of overbought conditions and a bearish RSI trend. With StockEdge identifying this intriguing subset on August 16, Wednesday, we delve into the essence of RSI and why it s indispensable for astute investment decisions
This article delves into the world of stock analysis, shedding light on the importance of the Relative Strength Index (RSI) in assessing stock movements. Highlighting data from a recent screener, we explore 10 stocks that are currently witnessing an uptrend in their RSI values.
While nifty last week witnessed corrective movement, the overall trend is still bullish and so are the risk levels. In such times, it would be better that while looking at stocks one should also focus on reducing the risk by taking a hard look at some numbers which are critical indicators. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “hold” or “buy” or "strong buy".
SBFC is a non-deposit taking NBFC that offers secured micro, small, and medium enterprises (MSME) and gold loans. Its 87% of the assets under management (AUM) consists of the loans with ticket size between Rs 5 lakh and Rs 30 lakh