Today I'm going to share some stocks which are in over bought zone.
1.BIOCON
Biocon is indian pharmaceutical company. BIOCON has touched low price of rs235.55/share on 19MAR2020 and after breakout stock made high of rs360.90/share on 17APR2020. If you compare low to high it's about +125.35rs which is +53.21%. In just one month. If you use RSI indicator it will show 71.63 which is indicate this share in highly over bought zone.
So fresh buying in this share could be Dangerous for investors.
2. Cipla
Cipla limited is indian multinational pharmaceutical and biotechnology company. Cipla limited's stock has made low of rs 355/share on 13MAR2020. And after that situation cipla made high of rs615/share on 17APR2020. If you compare low to high rs259.70 which is about 73.09%. RSI indicator is showing 78.45 RSI indicate this share as over bought zone.
3.Lupin
Lupin limited is indian pharmaceutical company. Lupin limited share has made low of rs504.75/share on 13MAR2020 and after the correction this share made high of rs845/share on 17APR2020. If you compare low to high it is +340.25 which is +67.40%. When u use RSI indicator, RSI indicator will show 72.71 which is indicate this share in over bought zone.
4.DRREDDY
Dr.reddy's lab is multinational pharmaceutical company. DR.REDDY made low of rs2495.05/share on 19MAR2020 and after the correction this share made high of rs 3997.90/share on 17APR2020 if you compare low to high it is about +1502.85 which is +60.23%. RSI indicator show 76.83 which is indicate this share in over bought zone.
5.TATACOMM
Tata communications limited is indian telecommunications company. Tata comm. Limited's stock made low of rs 200/ share and after the correction this share made high of rs377.00/share. If you compare low to high it is about +177 which is +88.5%. RSI indicator showing 71.38 which is indicate this share in over bought zone.
These 5 stocks are in highly over bought zone. Fresh buying in these shares could be Dangerous. But you can add these stocks in your watchlist and wait for correct opportunity.
1.BIOCON
Biocon is indian pharmaceutical company. BIOCON has touched low price of rs235.55/share on 19MAR2020 and after breakout stock made high of rs360.90/share on 17APR2020. If you compare low to high it's about +125.35rs which is +53.21%. In just one month. If you use RSI indicator it will show 71.63 which is indicate this share in highly over bought zone.
So fresh buying in this share could be Dangerous for investors.
2. Cipla
Cipla limited is indian multinational pharmaceutical and biotechnology company. Cipla limited's stock has made low of rs 355/share on 13MAR2020. And after that situation cipla made high of rs615/share on 17APR2020. If you compare low to high rs259.70 which is about 73.09%. RSI indicator is showing 78.45 RSI indicate this share as over bought zone.
3.Lupin
Lupin limited is indian pharmaceutical company. Lupin limited share has made low of rs504.75/share on 13MAR2020 and after the correction this share made high of rs845/share on 17APR2020. If you compare low to high it is +340.25 which is +67.40%. When u use RSI indicator, RSI indicator will show 72.71 which is indicate this share in over bought zone.
4.DRREDDY
Dr.reddy's lab is multinational pharmaceutical company. DR.REDDY made low of rs2495.05/share on 19MAR2020 and after the correction this share made high of rs 3997.90/share on 17APR2020 if you compare low to high it is about +1502.85 which is +60.23%. RSI indicator show 76.83 which is indicate this share in over bought zone.
5.TATACOMM
Tata communications limited is indian telecommunications company. Tata comm. Limited's stock made low of rs 200/ share and after the correction this share made high of rs377.00/share. If you compare low to high it is about +177 which is +88.5%. RSI indicator showing 71.38 which is indicate this share in over bought zone.
These 5 stocks are in highly over bought zone. Fresh buying in these shares could be Dangerous. But you can add these stocks in your watchlist and wait for correct opportunity.
No comments:
Post a Comment