Overbought stocks: Olectra Greentech, Patanjali Foods among 10 stocks trading above RSI of 70
The RSI is a widely-used technical indicator that measures the strength and velocity of price movements in a stock. RSI provides a numerical value ranging from 0 to 100, indicating whether a stock is overbought or oversold. It is calculated based on the average gain and loss of a stock's closing prices over a specific period, typically 14 days.
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