Campus Activewear, IOCL among 10 stocks with RSI trending up
Relative Strength Index (RSI) is one such invaluable tool that can provide valuable insights into a stock's performance. On September 8, Friday, StockEdge reported that 13 stocks were showing a trending up RSI. In this article, we'll delve into what RSI is, why it's important for assessing stock movements, and explore 10 promising stocks that are currently on an upward trend.
The Relative Strength Index, or RSI, is a widely used momentum oscillator that measures the speed and change of price movements.
RSI values range from 0 to 100, with levels above 70 indicating overbought conditions and levels below 30 indicating oversold conditions. Here's why RSI is important for investors:
Top 10 Stocks with a Rising RSI
1) Campus Activewear Ltd. (RSI: 59.63, Prev.
RSI: 47.92): With a notable increase in RSI, Campus Activewear demonstrates potential for an upward trend.
2) Indian Oil Corporation Ltd. (RSI: 58.39, Prev. RSI: 47.6): Indian Oil Corporation exhibits a rising RSI, suggesting improving momentum.
3) Esab India Ltd.
(RSI: 55.49, Prev. RSI: 48.4): Esab India shows signs of a strengthening trend with its ascending RSI.
4) Bharat Petroleum Corporation Ltd. (RSI: 55.48, Prev.
RSI: 48.37): Rising RSI indicates potential bullish movement for Bharat Petroleum.
5) Hero MotoCorp Ltd. (RSI: 55.19, Prev. RSI: 48.69): Hero MotoCorp's ascending RSI points towards growing buying interest.
6) AU Small Finance Bank Ltd.
(RSI: 54.64, Prev. RSI: 49.3): AU Small Finance Bank demonstrates improving momentum with its rising RSI.
7) V-Mart Retail Ltd. (RSI: 51.79, Prev.
RSI: 41.85): V-Mart Retail's RSI is on the ascent, indicating potential upward movement.
8) Equitas Small Finance Bank Ltd. (RSI: 51.71, Prev. RSI: 42.74): An increasing RSI
