Top 10 stocks in overbought and oversold zones

Top 10 stocks in overbought and oversold zones

by 5paisa Research Team Last Updated: Nov 17, 2021, 06:21 PM IST

The Relative Strength Index (RSI) is one of the most widely used momentum indicators. Here we have listed stocks having RSI in overbought and oversold zones.

A not so good day for Nifty 50 today as it shed almost 0.56% or 100.55 points. In fact, since the last two trading sessions, Nifty 50 is forming lower highs and lower lows on a 5-minute time frame. Time and then, conviction is increasing for the resistance levels of 18,210-18,604 that Nifty 50 is not breaching at the moment. Having said that, the index notoriously takes support on the 50-Day Exponential Moving Average (EMA).

In the current market situation, it demands to have a more stock-specific view. However, checking the momentum indicator would definitely help you screen stocks. And one of the most popular and widely used momentum indicators is the Relative Strength Index (RSI). 

RSI is an indicator that helps you measure the magnitude of recent price changes to evaluate overbought or oversold situations. RSI is usually displayed as a line graph on a scale of 0 to 100 which moves between two extremes. It is believed that stocks with an RSI of 70 or above suggest overbought or overvalued conditions and probably signals a trend reversal or correction. On the flip side, an RSI of 30 or below suggests an oversold or undervalued situation.

Here is the list of the top 10 stocks with RSI in overbought and oversold zones.

Top 10 Stocks with RSI in overbought zone 

Stock Name 

Last Traded Price (LTP) 

Day's Change (%) 

RSI 

Rajesh Exports Ltd. 

741.3 

7.90% 

83.9 

Century Plyboards (India) Ltd. 

700.7 

0.20% 

83.4 

Thermax Ltd. 

1,744.6 

-2.70% 

83.3 

Sheela Foam Ltd. 

3,206.5 

1.20% 

83.0 

Finolex Cables Ltd. 

600.0 

2.10% 

80.9 

Page Industries Ltd. 

40,966.1 

-0.60% 

78.0 

Apollo Hospitals Enterprise Ltd. 

5,734.0 

12.50% 

77.2 

Lux Industries Ltd. 

4,546.1 

7.70% 

77.0 

KPIT Technologies Ltd. 

466.4 

6.70% 

76.9 

Macrotech Developers Ltd. 

1,428.8 

0.90% 

76.3 

 

Top 10 Stocks with RSI in oversold zone 

Stock Name 

Last Traded Price (LTP) 

Day's Change (%) 

RSI 

IOL Chemicals and Pharmaceuticals Ltd. 

478.9 

-3.3% 

22.5 

Tasty Bite Eatables Ltd. 

13,862.6 

-2.4% 

22.8 

Bajaj Consumer Care Ltd. 

201.4 

-2.5% 

22.9 

FDC Ltd. 

294.6 

-0.7% 

23.8 

Solara Active Pharma Sciences Ltd. 

1,052.5 

1.2% 

25.1 

BASF India Ltd. 

2,884.5 

-0.6% 

25.7 

JM Financial Ltd. 

81.2 

1.9% 

26.6 

PNB Housing Finance Ltd. 

462.8 

-1.0% 

28.8 

Aarti Drugs Ltd. 

539.5 

-1.8% 

29.2 

Bayer Cropscience Ltd. 

4,623.3 

-0.3% 

29.8 

 

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SENSEX
52,727.98
462.26 (0.88%)
Nifty 50
15,699.25
142.60 (0.92%)
Nifty Bank
33,627.45
492.45 (1.49%)

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