Asian Paints, Ashok Leyland among 10 stocks in overbought zone
The RSI is a valuable technical indicator that measures the strength and momentum of a stock's price movement. Ranging from 0 to 100, an RSI value above 70 indicates an overbought condition, suggesting that the stock may be due for a potential price correction. Conversely, an RSI value below 30 indicates an oversold condition, indicating a possible rebound in price. Assessing stock movement based on RSI trends is important because it helps investors identify potential turning points and make informed decisions