JBM Auto, Gillette India among 10 stock with RSI trending up
Relative Strength Index (RSI) emerges as a beacon, guiding investors toward potential opportunities. As StockEdge reported a surge in RSI for a cohort of stocks on August 16, Wednesday, this article delves into the narrative of stocks on the rise. RSI, a formidable tool in the investor's toolkit, is a numerical measure ranging from 0 to 100.
It gauges the magnitude of recent price changes in a stock, offering insights into whether the stock is trending upward or downward. An RSI above 70 signals the stock might be overbought, while an RSI below 30 hints at an oversold condition. This vital tool helps investors anticipate potential price reversals and informs their decisions.
Spotlight on Rising RSI: The Selected Ten On August 16, Wednesday, StockEdge unveiled a list of 30 stocks that were trending upward in terms of RSI. From this expansive list, ETMarkets has cherry-picked 10 standout stocks: 1) JBM Auto Ltd. 2) KEC International Ltd.
3) Gillette India Ltd. 4) Jubilant Ingrevia Ltd. 5) Piramal Pharma Ltd.
6) Nazara Technologies Ltd. 7) Indigo Paints Ltd. 8) Kansai Nerolac Paints Ltd.
9) Macrotech Developers Ltd. 10) Ultratech Cement Ltd. Data pertaining to stocks whose RSI was trading up while the stocks were overbought on August 17, Thursday 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)
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