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rsi overbought: IRFC, Lupin among 10 overbought stocks with RSI above 70

This article delves into the concept of the Relative Strength Index (RSI) and its significance in assessing stock movements. On August 7, StockEdge reported over 70 stocks were trading in the overbought zone. ETMarkets has handpicked 10 of these stocks for closer analysis.
Poonawalla Fincorp Ltd Ipca Laboratories Ltd Indian Railway Finance Corporation Ltd Lupin Ltd Ajanta Pharma Ltd Indian Railway Finance Corporation

Cipla, BSE among 10 overbought stocks with RSI above 70

In this insightful article, we delve into the concept of the overbought zone and its relevance in the stock market. We explore the Relative Strength Index (RSI) and its significance in assessing stock movements. On August 4, Friday, over 70 stocks were trading in an overbought zone, and ETMarkets has cherry-picked ten of these stocks for closer examination. Aspiring investors can gain valuable insights from the analysis of these stocks to make informed decisions.
India General Ipca Laboratories Ltd Lupin Ltd Indiabulls Housing Finance Ltd Ajanta Pharma Ltd Vaibhav Global Ltd

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