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overbought zone: IT largecap stocks not in overbought zone after Friday's rally: Anand James

Largecap IT stocks, including Infosys and Tech Mahindra, have not yet reached overbought levels despite recent gains. Smallcap stocks have seen the most visible gains in the last year. Traders should be cautious as the earnings season begins, as history suggests a high chance of a monthly close in the red when entering the season at record peaks. Recent CPI readings from the US have prompted traders to reduce bets on Fed s rate cuts. The next fortnight could see objectives of 22240 and 22400, with a downside marker at 21790. ....

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rsi overbought: Oil India, Prestige Estates among 10 overbought stocks with RSI trending above 70

Dive into an analysis of 10 stocks, currently in the overbought zone as identified by their RSI, a key momentum indicator. With insights sourced from StockEdge, ETMarkets explores these stocks current positions and the significance of RSI in predicting potential market movements. ....

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