Top Momentum Gainers: 22/10/2026

IGIL surged 10% to 353.2 with an RSI of 68.04. The price jump signals strong short‑term momentum, and the RSI is approaching the upper‑mid range, indicating the stock is still gaining but is nearing overbought territory. Swing traders could look for a continuation trade on a pull‑back, targeting a breakout above the recent high, but should watch for a rapid reversal if the RSI breaches 75 or if volume stalls.

KEI and JINDALSAW both posted double‑digit declines (‑8.45% and ‑7.69%) while their RSIs sit at 22.71 and 33.72 respectively, placing them in oversold to borderline‑oversold zones. For swing traders, these levels suggest potential rebound opportunities, especially if the next session brings higher volume and a price stabilization above recent support. However, the depth of the sell‑off means the downside risk remains; a further dip toward RSI < 20 would reinforce a bearish continuation, while a bounce back above the 30‑RSI threshold could trigger a short‑term long entry.