RIL, HCL Tech: These 7 oversold stocks are set to lead market recovery

The underneath strength, preferably read as price action, has been able to hold ground around the major neckline supports for these stocks

The recent weakness in the overall market has pushed various stocks into a bearish environment. Many of them have seen exaggerated selling pressure, and have entered in the oversold territory.

However, the underneath stock strength, preferably read as price action, has been able to hold ground around the major neckline supports. The Relative Strength Index (RSI) inevitably determines the underlying strength that drives the price towards a confirm trend. It gauges the changes in the stock price to understand the sentiment of oversold and overbought.

Similarly, candlestick formations enable investors to understand the shift in the volumes from