SJVN, Ircon among 10 stocks with bearish RSI

In the world of stock trading, investors often rely on a multitude of technical indicators to make informed decisions. One of these powerful tools is the Relative Strength Index (RSI). It provides valuable insights into the momentum of a stock's price movements. However, interpreting RSI correctly is crucial, especially when some stocks defy conventional wisdom.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100, offering insights into whether a stock is overbought or oversold. RSI values above 70 typically suggest that a stock is overbought and might be due for a correction. Conversely, RSI values below 30 indicate an oversold condition and a potential buying opportunity.

10 Stocks Defying RSI Trends


1) PNB Housing Finance Ltd. (NSE: PNBHOUSING) - RSI: 69.87, Prev. RSI: 73.39

2) Tata Motors Ltd. - DVR Ordinary (NSE: TATAMTRDVR) - RSI: 69.68, Prev. RSI: 70.88

3) Torrent Power Ltd. (NSE: TORNTPOWER) - RSI: 69.56, Prev. RSI: 71.10

4) Bank Of Baroda (NSE: BANKBARODA) - RSI: 69.09, Prev. RSI: 71.21

5) Glenmark Pharmaceuticals Ltd. (NSE: GLENMARK) - RSI: 68.64, Prev. RSI: 72.12

6) Avanti Feeds Ltd. (NSE: AVANTIFEED) - RSI: 68.00, Prev. RSI: 70.20

7) SJVN Ltd. (NSE: SJVN) - RSI: 67.45, Prev. RSI: 71.58

8) Computer Age Management Services Ltd. (NSE: CAMS) - RSI: 67.26, Prev. RSI: 70.77

9) Ircon International Ltd. (NSE: IRCON) - RSI: 66.98, Prev. RSI: 71.89

10) Granules India Ltd. (NSE: GRANULES) - RSI: 66.81, Prev. RSI: 70.13

It's important to note that data related to stocks with RSI trends on September 18, Monday, 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)