Aarti Drugs, Sun TV Network among 10 overbought stocks with RSI above 70
Over 78 stocks were trading in an overbought zone on July 24, identified by the Relative Strength Index (RSI) as having risen too quickly and requiring a price correction. Economic Times has selected ten stocks, including Esab India, Aarti Drugs, and Tata Motors, as their top buys from the overbought list. The RSI operates within a range of 0-100, with readings of 70 or higher indicating overbought, and readings below 30 showing oversold. The list will be updated for the following day for investors to conduct further research before investing.