Cipla, Ingersoll-Rand among 5 stocks with RSI trending up
Relative Strength Index (RSI). In this article, we will delve into what RSI is and why it's a vital tool for assessing stock movements.
The Relative Strength Index, or RSI, is a momentum oscillator that measures the speed and change of price movements.
RSI oscillates between 0 and 100 and is used to identify overbought or oversold conditions in a stock. RSI values above 70 typically indicate that a stock may be overbought, while values below 30 suggest an oversold condition.
But why is RSI important for investors?
RSI helps investors gauge the momentum of a stock's price movement. An increasing RSI often suggests that a stock is gaining momentum, potentially indicating an uptrend.
5 Stocks with RSI on the Rise
On October 18, StockEdge reported 20 stocks that exhibited upward-trending RSI.
We've selected 5 of these stocks that could be intriguing for investors:
1) CRISIL Ltd.
RSI: 60.7
Previous RSI: 47.76
2) Sun Pharma Advanced Research Company Ltd.
RSI: 58.73
Previous RSI: 45.61
3) Cipla Ltd.
RSI: 58.1
Previous RSI: 46.13
4) Kirloskar Ferrous Industries Ltd.
RSI: 57.07
Previous RSI: 46.47
5) Ingersoll-Rand (India) Ltd.
RSI: 56.75
Previous RSI: 42.81
(Disclaimer: This is an AI generated article. Recommendations, suggestions, views, and opinions given by experts are their own.
