ZEEL, Adani Ports among 10 stocks with RSI trending up
Relative Strength Index (RSI). On September 21, Thursday, StockEdge identified 10 stocks with a trending up RSI, and ETMarkets has handpicked these stocks for investors seeking potential opportunities in the Indian stock market.
The Relative Strength Index, commonly known as RSI, is a popular momentum oscillator used by traders and analysts to assess the strength and speed of a stock's price movement. RSI values range from 0 to 100 and are typically presented as a graph below a stock's price chart.
An RSI reading above 70 indicates that a stock may be overbought, suggesting a potential reversal or pullback in price.
Conversely, an RSI reading below 30 suggests that a stock may be oversold, potentially signaling a rebound or uptrend.
Why is RSI Important for Assessing Stock Movements?
Now, let's delve into the 10 stocks that are currently showing an uptrend in their RSI:
1) Capri Global Capital Ltd.
(CAPRIGLOBAL)
RSI: 53.92
Previous RSI: 42.17
2) Adani Ports and Special Economic Zone Ltd. (ADANIPORTS)
RSI: 53.59
Previous RSI: 49.85
3) Hindustan Petroleum Corporation Ltd. (HINDPETRO)
RSI: 52.82
Previous RSI: 47.49
4) Sanofi India Ltd.
(SANOFI)
RSI: 51.58
Previous RSI: 49.71
5) Zee Entertainment Enterprises Ltd. (ZEEL)
RSI: 51.4
Previous RSI: 49.1
6) Ajanta Pharma Ltd. (AJANTPHARM)
RSI: 51.06
Previous RSI: 48.29
7) Network 18 Media & Investments Ltd.
(NETWORK18)
RSI: 50.64
Previous RSI: 48.73
8) Transport Corporation Of India Ltd. (TCI)
RSI: 51.02
Previous RSI: 42.46
9) PCBL Ltd. (PCBL)
RSI: 50.81
Previous RSI: 49.12
10) Indian Oil Corporation Ltd.
(IOC)
RSI: 50.75
Previous RSI: 47.76
(Disclaimer: This is an AI generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not
