Vedanta, LTIMindtree among 10 stocks with RSI trending up

economictimes.indiatimes.com:

Relative Strength Index (RSI) is an essential tool that can aid investors in assessing stock movements in the stocks. On July 14, Friday, StockEdge reported that 38 stocks were trending up, and from this group, ETMarkets has selected 10 stocks that are currently trending up. The RSI is a widely used technical analysis indicator that provides insights into the strength and momentum of a stock's price movement.

RSI is calculated on a scale from 0 to 100 and helps investors identify overbought and oversold levels in a security. An RSI reading above 70 indicates that a stock is overbought, potentially due for a price correction, while a reading below 30 suggests that a stock is oversold and might experience a price rebound. RSI can be a valuable tool for investors to identify potential turning points in a stock's price trend.Let's explore the 10 stocks that have witnessed RSI trending up: 1) L&T Technology Services Ltd.

(RSI: 63.43, Prev. RSI: 49.25) 2) Gujarat Ambuja Exports Ltd. (RSI: 59.95, Prev.

RSI: 41.43) 3) Firstsource Solutions Ltd. (RSI: 59.73, Prev. RSI: 46.79) 4) Vedanta Ltd.

(RSI: 59.21, Prev. RSI: 46.31) 5) Petronet LNG Ltd. (RSI: 56.78, Prev.

RSI: 47.4) 6) Tata Coffee Ltd. (RSI: 54.63, Prev. RSI: 49.19) 7) LTIMindtree Ltd.

(RSI: 54.62, Prev. RSI: 43.67) 8) Manappuram Finance Ltd. (RSI: 54.56, Prev.

RSI: 47.11) 9) LIC Housing Finance Ltd. (RSI: 54.35, Prev. RSI: 49.82) 10) Ajanta Pharma Ltd.

(RSI: 53.88, Prev. RSI: 46.06) These stocks have demonstrated upward RSI trends, indicating positive price momentum. However, it's important to note that data pertaining to stocks whose RSI was trending up on July 17, Monday, will be updated later today.