Gland Pharma, Praj Industries among 10 stocks with bearish RSI
This article delves into the significance of RSI in assessing stock movements, particularly in overbought stocks. Examining 16 stocks that experienced bearish or declining RSI while being in the overbought zone, ETMarkets highlights 10 stocks as potential case studies. By understanding this unique intersection of signals, investors can make more informed decisions.
Adani Ports, Zomato among 10 stocks with bearish RSI
The intricacies of stock trading require astute decision-making. One critical tool in this endeavor is the Relative Strength Index (RSI), which helps assess stock trends. This article delves into RSI's importance, its role in evaluating stocks, and investigates 10 stocks in the overbought zone with bearish RSI trends.
Chart Check: After 100% rally in 6 months, breakout from bullish flag pattern makes this IT firm a top buy
The recent rally pushed the stock to a fresh 52-week high of Rs 445 recorded on 17th July 2023. It has rallied more than 10% in a week, and over 60% in the last 3 months. The stock also gave a breakout from a Flag pattern on the weekly charts which has opened room for the stock to head towards 500 levels, suggest experts.
Singh will be moving permanently to London, the sources added. He joined Apax in 2004 in its London office and moved to the India office in 2007 and took charge after Neeraj Bharadwaj left the firm for Carlyle Group in 2013.