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SEBI’s study, released in January this year, stated that 90 per cent of the active traders incurred average losses of Rs 1.25 lakh during FY22.
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Analysts, however, warn these stocks might be overbought after the recent run up. "... when markets are bullish, brokers, dealers and other intermediaries, tend to benefit because their cost structures are such that when topline improves, profitability goes through the roof," said Sahil Kapoor, market strategist at DSP Mutual Fund.
On November 12, Sunday, a whopping 46 stocks surged into overbought territory, signaling potential caution for investors. ETMarkets brings you a curated list of 5 stocks riding high in the overbought zone, unpacking the significance of RSI and why astute investors should take note.