Overbought stocks: Patanjali Foods, V-Guard Industries among 10 stocks trading above RSI of 70
The Relative Strength Index (RSI) is a valuable technical indicator that measures a stock’s momentum and identifies overbought or oversold conditions. An RSI reading above 70 indicates overbought conditions, while a reading below 30 suggests oversold conditions. Understanding the RSI helps investors identify entry or exit points and manage risk effectively.
