Paytm, Balkrishna Industries among 10 stocks with RSI trending up
Relative Strength Index (RSI) helps investors understand the dynamics of the stock market and effectively analyse stock movements is crucial for making informed investment decisions. The RSI is a technical indicator that measures the magnitude and velocity of recent price changes in a stock. It provides insights into whether a stock is overbought or oversold.
RSI values range from 0 to 100, with readings above 70 indicating overbought conditions and readings below 30 suggesting oversold conditions. RSI is calculated based on the average gain and loss of a stock's price over a specific period, typically 14 days. On July 12, Wednesday, StockEdge reported 13 stocks that were trending up, and ETMarkets has handpicked 10 stocks from this group that are currently trading in an overbought zone.10 Stocks with Upward RSI Trend: 1) Brigade Enterprises (RSI: 57.89, Prev.
RSI: 47.38) 2) One97 Communications Ltd. (RSI: 56.54, Prev. RSI: 46.68) 3) Bikaji Foods International Ltd.
(RSI: 56.35, Prev. RSI: 49.69) 4) K.P.R. Mill Ltd.
(RSI: 56.09, Prev. RSI: 44.29) 5) Balkrishna Industries Ltd. (RSI: 54.75, Prev.
RSI: 49.3) 6) Thermax Ltd. (RSI: 53.59, Prev. RSI: 47.93) 7) Kotak Mahindra Bank Ltd.
(RSI: 52.7, Prev. RSI: 49.74) 8) Network 18 Media & Investments Ltd. (RSI: 51.65, Prev.
RSI: 49.62) 9) Grindwell Norton Ltd. (RSI: 51.6, Prev. RSI: 47.05) 10) Sapphire Foods India Ltd.
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