Avanti Feeds, Sundaram Finance among 10 stocks which have emerged out of overbought zone
Ten stocks have emerged from the overbought zone after experiencing bearish RSI trends. Relative Strength Index (RSI) allows investors to keep track of stock market trends, assessing the momentum and identifying potential overbought or oversold stocks. When a stock’s RSI hits above 70, it indicates an overvalued stock, but a bearish RSI shows a loss of bullish momentum leading to a potential reversal.
