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​ The RSI value ranges between 0 and 100. Herein the StockEdge data takes into consideration the time period of 14 days to compute RSI. Furthermore, apart from determining the likely uptrend or uptrend, RSI also enables an understanding of the stock’s overvalued or oversold state.​

​ Also, note the further it is below the zero line, the stronger the signal strength.​Let’s first understand MACD and other metrics of importance here. ​

“We are focused a lot more on the domestic-oriented sector. We believe that even if one were to look at the earnings growth thus far, the disappointment has been generally from the global-facing sectors like IT, metal, oil and gas. The domestic-oriented sectors – be it auto or industrials, have done really well.”

The company, known for its refrigerators, washing machines and air conditioners, said consolidated net profit for the three months ended June 30 fell to 748.8 million rupees ($9.05 million) from 837.3 million rupees a year earlier.

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.

The stock market witnessed a dynamic performance in the stock market as several notable stocks crossed their 20-day Simple Moving Averages (SMA), indicating significant market momentum and potential upward trends.

Jubilant FoodWorks, Reliance Industries, ACC, and others emerged as key players in their respective sectors, reflecting their resilience and growth potential.

In all these spaces, our products are being used and that is kind of the exciting thing across maps, IoT, even now drones and then of course the B2C side with the Mappls app being really liked by consumers and the word of mouth kind of spreading around how it is so much better than the preloaded Google Maps on phones.

The BSE MidCap index stocks reached new 52-week highs, reflecting robust market performance and investor optimism. Alkem Laboratories, Aurobindo Pharma, Lupin, and others emerged as the frontrunners, making significant strides in their respective industries.

Institutional and non-institutional investors led the bidding as both categories were subscribed 21 and 31 times, respectively. Meanwhile, the part reserved for retail investors was subscribed 8.3 times so far on Day 3.