Top Momentum Gainers: 21/10/2026

HSCL and JINDALSAW have both posted double‑digit declines while their RSI readings sit well below the 30‑level (17.6 and 41.4, respectively). The sub‑30 RSI on HSCL flags a deep oversold condition, suggesting that any further downside may be limited and a short‑term bounce could be on the cards for swing traders. JINDALSAW’s RSI, though not yet in oversold territory, is approaching it; the 8.5 % drop combined with a mid‑40s RSI hints at weakening momentum and a potential reversal if buying pressure returns. In both cases, a break above recent resistance on rising volume would be a key confirmation for a long entry, while a failure to hold the current support could signal a continuation of the sell‑off.

LTTS surged 10.66 % and is perched at an RSI of 74.8, just shy of the classic 75 overbought threshold. This high RSI warns that the rally may be nearing exhaustion, and swing traders should watch for bearish divergence or a sharp pull‑back as the next entry/exit signal. If today’s volume was markedly above the 20‑day average, it would indicate strong conviction behind the move, but the proximity to overbought levels still calls for tight stops or profit‑taking targets near recent resistance. A decisive break below the intraday low on elevated volume would confirm a short‑term reversal opportunity.