Uco Bank, Bajaj Auto among 10 overbought stocks with RSI above 70

In the ever-evolving world of stock trading, it's crucial to keep an eye on various technical indicators that can help investors make informed decisions. One such indicator that traders often rely on is the Relative Strength Index (RSI). This article explores why RSI matters and takes a closer look at 10 stocks that were trading in the overbought zone as of September 18, Monday.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It provides a numerical value between 0 and 100, indicating whether a stock is overbought or oversold. RSI values above 70 typically suggest that a stock may be overbought, indicating that it could be due for a price correction or consolidation.:

10 Stocks with Strong Momentum


1) Central Bank Of India (NSE: CENTRALBK) - RSI: 84.14, Prev. RSI: 79.68

2) Indian Overseas Bank (NSE: IOB) - RSI: 84.14, Prev. RSI: 76.38

3) UCO Bank (NSE: UCOBANK) - RSI: 82.04, Prev. RSI: 74.58

4) HCL Technologies Ltd. (NSE: HCLTECH) - RSI: 80.43, Prev. RSI: 80.38

5) Glaxosmithkline Pharmaceuticals Ltd. (NSE: GLAXO) - RSI: 80.32, Prev. RSI: 83

6) Bank Of India (NSE: BANKINDIA) - RSI: 79.9, Prev. RSI: 76.65

7) ITI Ltd. (NSE: ITI) - RSI: 79.85, Prev. RSI: 88.32

8) Cholamandalam Financial Holdings Ltd. (NSE: CHOLAFIN) - RSI: 79.83, Prev. RSI: 78.21

9) Punjab & Sind Bank (NSE: PSB) - RSI: 79.38, Prev. RSI: 72.19

10) Bajaj Auto Ltd. (NSE: BAJAJ-AUTO) - RSI: 79.3, Prev. RSI: 77.89

It's important to note that the data related to stocks in the overbought zone on September 20, Wednesday, 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)