 "Technical view: Three Nifty stocks that appear oversold on the charts")
Even though the markets rebounded from day's low to end firm on Tuesday, shrugging off state poll jitters and the sudden exit of Reserve Bank of India's governor, three stocks among the Nifty50 index still appear to be oversold as per technical charts.
NTPC : The stock has seen a sell-off in the recent times with strong negative trend as per weekly time frame. The technical indicators RSI (Relative Strength Index) and MACD (Moving Average Convergence and Divergence) suggest that the couner is trading in oversold territory. As per daily chart pattern, the stock tumbled sharply from Rs 160 to Rs
