On October 13, ETMarkets highlights 6 stocks that are dwelling in the overbought zone while their RSI shows a declining trend. Discover how Relative Strength Index (RSI) can provide essential insights for investors.
The domestic brokerage picked HDFC Bank, RR Kabel, Canfin Home, Navin Fluorine and ABB India as its conviction buys. A stable government post-elections with a continuation of economic policies could take markets to new heights, the note said.
Explore the significance of the Relative Strength Index (RSI) as ETMarkets selects 10 stocks trading in the overbought zone. Discover why RSI is a crucial tool for assessing stock movement and making informed investment decisions.