Bata India, Dabur India among 10 stocks with RSI trending up
Relative Strength Index (RSI).
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is typically used to identify overbought or oversold conditions in a stock. RSI is calculated using the average gain and loss over a specified period, usually 14 days.
A reading above 70 suggests the stock may be overbought, while a reading below 30 suggests it may be oversold.
On September 7, Thursday, StockEdge reported that 30 stocks were showing an upward trend in their RSI values, indicating potential opportunities in the market. From this list, ETMarkets has handpicked 10 stocks that stand out for their promising performance.
Top 10 Stocks with RSI on the Rise:
1) TCI Express Ltd.
RSI: 63.42
Prev. RSI: 42.39
2) Power Finance Corporation Ltd.
RSI: 59.75
Prev.
RSI: 47.07
3) Bata India Ltd.
RSI: 57.67
Prev. RSI: 47.94
4) Hitachi Energy India Ltd.
RSI: 55.53
Prev. RSI: 49.08
5) HDFC Asset Management Company Ltd.
RSI: 55.36
Prev.
RSI: 48.8
6) Tata Motors Ltd.
RSI: 52.74
Prev. RSI: 49.12
7) Axis Bank Ltd.
RSI: 54.51
Prev. RSI: 48.91
8) Mahindra & Mahindra Financial Services Ltd.
RSI: 54.14
Prev.
RSI: 49.09
9) Hinduja Global Solutions Ltd.
RSI: 54.01
Prev. RSI: 47.42
10) Dabur India Ltd.
RSI: 53.12
Prev. RSI: 49.18
Please note that data for stocks with RSI trending up on September 8, Friday, will be updated later today.
(Disclaimer: This is an AI-generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
