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.
On August 7, StockEdge reported that 30 stocks were trending up based on their RSI values. Today, we delve deeper into 10 stocks handpicked by ETMarkets, to explore the significance of rising RSI in their movement. We will also discuss why RSI is a crucial factor for investors when analyzing stocks and making informed investment decisions.
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Nifty futures on the Singapore Exchange traded 51 points, or 0.34 per cent, higher at 15,247 in signs that Dalal Street was headed for a positive start onThursday. Here are a few stocks which may buzz the most in today s trade:
Ambuja Cements: The company will report its December quarter results today.
Bharti Airtel: The telecom operator said it will acquire 20 per cent stake in its DTH arm Bharti Telemedia from an affiliate of Warburg Pincus for about Rs 3,126 crore.
GIC Re: The government is debating whether reinsurer General Insurance Corporation of India should be divested, people aware of the matter told ET.