ETMarkets delves into the Relative Strength Index (RSI) to uncover 5 stocks that appear overbought but have bearish RSI trends, shedding light on the importance of RSI in stock analysis.
MMTC share price: The stock dived 10 per cent to settle at a lower price band of Rs 70.55 over its previous close of Rs 78.38. It has tanked 18.98 in just two sessions. Despite the said fall, the counter has given multibagger returns in the last six months and rallied 141.94 per cent.
MMTC share price: The stock soared 13.11 per cent to hit a 52-week high of Rs 79.90. At this price, the counter has rallied 42.70 per cent in just four days. On BSE, around 92.79 lakh shares changed hands today. The figure was more than five times higher than the two-week average volume of 18.46 lakh shares.
In case a client fails to do so, the broker will transfer the funds and securities of such clients to another registered broker in the next 15 days under advice to the said clients, Sebi said in its order on Wednesday.