An empirical study to analyse overbought and oversold periods of shares listed in CNX Bankex Krishnaveni P.*, Swarnam S.**, Prabakaran V.** *Professor, Department of Management Studies, SNS College of Technology, Coimbatore, Tamilnadu **Assistant Professor, Department of Management Studies, SNS College of Technology, Coimbatore, Tamilnadu Online published on 24 October, 2019. Abstract Relative Strength Index is one of the best and widely used technical analysis tools in financial market. Though it is popular in the international context, it is not widely used in Indian market due to lack of awareness and its application. Keeping this in mind the present study aimed to exhibit the application of Relative Strength Index in identifying overbought and oversold shares of companies listed in Banking Indices of National Stock Exchange. The secondary date were the share price collected from 01.11.2017 to 31.11.2018 and by using Relative Strength Index and Simple Moving Average, the share price movement were analysed to understand its behaviour. Paired sample t test was also used to its significance price movement during the overbought/oversold period. The outcomes of the research are discussed in detail in this study. Top Keywords Bank, NSE, Relative Strength Index, Share Price Behaviour, Simple Moving Average. Top |