NLC India, IRCTC among 10 stocks with RSI trending up
Relative Strength Index (RSI) shines as a powerful tool. On September 25, Monday, StockEdge identified 28 stocks with a rising RSI, and ETMarkets has selected 10 of these stocks for a closer look.
Before we delve into the stocks, let's gain a deeper understanding of RSI and why it's instrumental in assessing stock movements.
The Relative Strength Index, or RSI, is a momentum oscillator that gauges the speed and magnitude of a stock's price movements. RSI values typically range from 0 to 100, with readings above 70 suggesting overbought conditions and readings below 30 indicating oversold conditions.
Now, let's explore the 10 stocks that had a rising RSI on September 25:
1) IRB Infrastructure Developers Ltd.
(IRBINFRA)
RSI: 60.1
Previous RSI: 49.87
2) Godfrey Phillips India Ltd. (GODFRYPHLP)
RSI: 58.49
Previous RSI: 46.69
3) The Ramco Cements Ltd. (RAMCOCEM)
RSI: 57.96
Previous RSI: 36.34
4) Apollo Hospitals Enterprise Ltd.
(APOLLOHOSP)
RSI: 57.07
Previous RSI: 49.57
5) Gujarat State Fertilizers & Chemicals Ltd. (GSFC)
RSI: 56.42
Previous RSI: 46.89
6) Sonata Software Ltd. (SONATSOFTW)
RSI: 56.05
Previous RSI: 43.10
7) NLC India Ltd.
(NLCINDIA)
RSI: 54.89
Previous RSI: 47.89
8) Zensar Technologies Ltd. (ZENSARTECH)
RSI: 54.25
Previous RSI: 49.62
9) Indian Railway Catering And Tourism Corporation Ltd. (IRCTC)
RSI: 54.21
Previous RSI: 42.75
10) Jindal Steel & Power Ltd.
(JINDALSTEL)
RSI: 54.14
Previous RSI: 49.76
Data regarding stocks with rising RSI trends on September 26, Tuesday, will be updated later today.
(Disclaimer: This is an AI-generated article. Recommendations, suggestions, views, and opinions given by experts are their own.
