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.
