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Shree Cements shares drop 2.24% as Sensex rises

Updated at : 2023-07-20 15:20:02

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On the technical charts, the RSI of the stock stood at 35.9.

Maruti, HUL among 10 stocks with RSI trending down

Updated at : 2023-07-20 15:20:02

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On July 19, 12 stocks were reportedly trending down in relative strength index (RSI), which measures the speed and change of price movements. Stocks with an RSI of 70 or greater are considered overbought, while those under 30 suggest the stock is oversold. Stocks identified by ETMarkets as trending down on July 19 included Maruti Suzuki India, UNO Minda and Hindustan Unilever.

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Over 70 stocks were trading at overbought conditions on the Relative Strength Index (RSI) on July 19, according to StockEdge. The RSI, measuring the magnitude of recent price changes, oscillates between 0 and 100, with values over 70 suggesting a stock is overbought, inviting potential price corrections.

Yes, on the margin we have actually built some cash which we did not have earlier. So, in most portfolios, we are now sitting between 5% and 10% cash.

StockEdge reported an overbought RSI trend in about a dozen stocks with a declining bearish trend and a fall in RSI below 70. From this list, ETMarkets picked 10 stocks that reveal an intriguing combination of an overbought zone and bearish RSI trends for analysis. The Relative Strength Index (RSI) is a crucial technical

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Bajaj Finance now has a market cap of Rs 4.6 lakh crore. Upon listing on stock exchanges, JFSL will take over the No.2 slot ahead of Cholamandalam Investment and Finance which is presently the second-largest NBFC with an m-cap of Rs 9.6 lakh crore.

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A Golden Crossover is a popular technical chart pattern that occurs when a stock’s short-term moving average crosses above its long-term moving average, indicating a potential bullish trend. On July 20, Trendlyne reported 45 Nifty50 stocks experiencing this signal, with ETMarkets choosing 10 Golden Crossover stocks from the list.

"BTC continues to perform within a narrow range of less than 2%, around $30k. In the last 24 hours, XRP continued to be amongst the top performers in terms of volumes and price change. Interestingly, XRP has surpassed the trading volumes of BTC on a majority of exchanges ever since the court ruling against SEC fell in its favor," Shubham Hudda, Senior Manager at CoinSwitch Markets Desk, said.

The data was sourced from BSE at 12.15 am, and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.

Indian equity markets have seen remarkable growth in the last 5 years with benchmark indices Nifty50 surging 80% and Sensex 84%.

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