Olectra Greentech, Gillette India among 10 stocks with bearish RSI trends
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.
