Eris Lifesciences, Dr Lal Pathlabs among 8 overbought stocks with bearish RSI
Analyzing the trend of RSI provides insights into the strength and direction of stock prices. A bearish or declining RSI trend in the overbought zone indicates potential weakening momentum and a higher probability of a price reversal. It suggests that the stock’s price may undergo a correction or enter a consolidation phase, providing cautionary signals to investors
