Canara Bank, IGL among 10 stocks with RSI trending up
On July 3, Tuesday, StockEdge reported 26 stocks that were trading up, and ETMarkets has handpicked 10 stocks from this group that are currently trading in an overbought zone. It's important to note that the data pertaining to stocks whose RSI was trending up on July 4, Tuesday, will be updated later today. The RSI is a widely used momentum oscillator that measures the magnitude and velocity of price movements.
Ranging from 0 to 100, the RSI helps investors assess whether a stock is overbought or oversold. When the RSI value trends up and crosses above 70, it suggests that the stock is entering an overbought zone. This movement could indicate a potential price correction or reversal in the near future.
Exploring Stocks with RSI Trending Up: 1) Canara Bank RSI: 62.9 Prev. RSI: 48.23 2) Bank Of India RSI: 61.28 Prev. RSI: 48.66 3) Grasim Industries Ltd.
RSI: 60.97 Prev. RSI: 49.09 4) Bharat Petroleum Corporation Ltd. RSI: 59 Prev.
RSI: 49.29 5) HFCL Ltd. RSI: 57.52 Prev. RSI: 40.53 6) Indraprastha Gas Ltd.
RSI: 56.34 Prev. RSI: 49.91 7) Vaibhav Global Ltd. RSI: 55.1 Prev.
RSI: 49.67 8) Sterlite Technologies Ltd. RSI: 54.69 Prev. RSI: 34.41 9) Polyplex Corporation Ltd.
RSI: 54.44 Prev. RSI: 43.59 10) Medplus Health Services Ltd. RSI: 53.9 Prev.
RSI: 49.34 (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)
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