HCL Technologies among 5 stocks showing bullish RSI upswing
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Trend Watch
On July 3, five stocks from the Nifty500 segment that gained over 4% were highlighted in the RSI Trending Up scan, based on data from StockEdge.com. An uptrend signal is generated when the RSI value crosses above 50 from lower levels. “RSI trending up” indicates that Relative Strength Index (RSI) values are rising, suggesting strengthening momentum in the stock’s price action. This can indicate potential upward movement and is often used by traders to identify buying opportunities in momentum-driven markets.
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Sumitomo Chemical India
RSI: 64.69 | Prev RSI: 46.16 | CMP: Rs 502.3
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Housing & Urban Development Corporation
RSI: 60.11 | Prev RSI: 48.5 | CMP: Rs 215.56
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4/6
eClerx Services
RSI: 56.6 | Prev RSI: 46.55 | CMP: Rs 1,488.8
5/6
Kaynes Technology India
RSI: 53.68 | Prev RSI: 44.49 | CMP: Rs 3,333.8
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HCL Technologies
RSI: 50.93 | Prev RSI: 38.67 | CMP: Rs 1,139