Relative Strength Index (RSI) is an important technical indicator which helps investors make informed decisions on stocks. This indicator gives valuable insights into a stock’s price momentum and potential trends. On July 21, Monday, StockEdge reported 24 stocks that were trading in the overbought zone, yet exhibited a bearish or declining RSI trend.
In this article, we analyse 10 selected stocks from ETMarkets that currently fall into this category, and investors should exercise caution when considering these stocks.
