BEML, Rain Industries among 10 stocks with bearish RSI trends

Investing in the stock market is a bit like sailing a ship through unpredictable waters. You need to keep an eye on your course, especially when you encounter rough seas. One instrument that can help you navigate the stormy waters of stock trading is the Relative Strength Index (RSI).

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI values range from 0 to 100 and are used to identify overbought or oversold conditions in a stock. An RSI above 70 typically indicates that a stock is overbought, while an RSI below 30 suggests that it may be oversold.

Top 10 Stocks in the Overbought Zone with Bearish RSI Trends:


1) BEML Ltd.
RSI: 69.94
Prev. RSI: 75.09

2) Escorts Kubota Ltd.
RSI: 69.49
Prev. RSI: 70.28

3) Shree Renuka Sugars Ltd.
RSI: 69.06
Prev. RSI: 71.67

4) Gujarat Ambuja Exports Ltd.
RSI: 68.86
Prev. RSI: 72.65

5) Rain Industries Ltd.
RSI: 68.75
Prev. RSI: 70.32

6) Vardhman Textiles Ltd.
RSI: 68.57
Prev. RSI: 70.22

7)The Indian Hotels Company Ltd.

RSI: 68.15
Prev. RSI: 72.92

8) HFCL Ltd.
RSI: 67.5
Prev. RSI: 71.97

9) Latent View Analytics Ltd.
RSI: 67.41
Prev. RSI: 70.5

10) Century Plyboards (India) Ltd.
RSI: 67.26
Prev. RSI: 71.92

Please note that data for stocks with bearish RSI trends while being overbought on September 8, Friday, will be updated later today.

(Disclaimer: This is an AI-generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)