Overbought stocks: Indigo, JBM Auto among 10 stocks trading above RSI of 70

Identifying overbought stocks is crucial for investors looking to make informed decisions in the stock market. On June 28, Wednesday, 70 stocks were trading in an overbought zone according to data sourced from StockEdge. In this article, ETMarkets has picked 10 stocks from the pack based on their Relative Strength Index (RSI).

The Relative Strength Index (RSI) is a widely-used technical indicator that measures the magnitude and speed of a stock's price movements. It provides valuable insights into whether a stock is overbought or oversold, indicating potential reversals or corrections in the price.

RSI values range from 0 to 100, with readings above 70 considered as an indication of overbought conditions. When the RSI surpasses the 70 threshold, it suggests that the stock may be due for a price correction or a temporary pullback.


The stock markets were closed on Thursday on account of Bakri Eid. The data pertaining to stocks which are trading in an overbought zone on June 30, Friday will be updated later today after market hours.

Analyising Overbought Stocks:

1) Torrent Pharmaceuticals Ltd.
RSI: 86.72

2) V-Guard Industries Ltd.
RSI: 85.1

3) Patanjali Foods Ltd.
RSI: 83.05

4) JBM Auto Ltd.
RSI: 82.03

5) Gillette India Ltd.
RSI: 81.01

6) Rossari Biotech Ltd.
RSI: 80.96

7) Vijaya Diagnostic Centre Ltd.
RSI: 80.65

8) Poly Medicure Ltd.
RSI: 79.7

9) The Fertilisers And Chemicals Travancore Ltd.
RSI: 79.56

10) Interglobe Aviation Ltd.
RSI: 79.4

(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)