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The amount will be used to commence the first phase of the project, to be established at the Special Economic Zone (SEZ) in Duqm, Oman, a company statement said.
State-owned SJVN Ltd has signed an initial agreement with REC Ltd for financing of INR 500 billion for its subsidiaries and joint ventures. REC will provide financial assistance for setting up new power generating stations using conventional and renewable sources of energy, as well as for new technology projects like battery storage, green hydrogen/ammonia, hydrogen cells storage, E-vehicles, and green project manufacturing units.
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Investors should be aware of indicators such as the Relative Strength Index (RSI), which can provide insights into a stock's overbought or oversold conditions. ETMarkets has selected 10 stocks, including Aurobindo Pharma and REC Ltd., that are currently trading in the overbought zone but have a bearish RSI trend. RSI is a popular technical indicator that measures price movement speed and change on a scale of 0 to 100. An RSI reading above 70 suggests overbought conditions and a possible downturn, while a reading below 30 indicates oversold conditions and a potential rebound.
The Relative Strength Index (RSI) is an important indicator for investors to assess stock movement. This article explores stocks that are currently overbought but have a bearish RSI trend. The RSI, which ranges from 0 to 100, helps identify whether a stock is overbought or oversold. An RSI above 70 suggests overbought conditions, while below 30 implies oversold conditions. This information can assist investors in making informed decisions and managing risks effectively. The article provides a list of 10 stocks currently in the overbought zone with a bearish RSI trend.