Overbought stocks: Indigo, JBM Auto among 10 stocks trading above RSI of 70
A total of 70 stocks were trading in the overbought zone according to data from StockEdge. ETMarkets has selected 10 stocks based on their Relative Strength Index (RSI) values. RSI is a widely-used indicator that measures a stock's price movement and indicates if it is overbought or oversold. Readings above 70 suggest a potential price correction or pullback.