Indian Bank among 5 stocks showing bullish RSI upswing
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Trend Watch
On July 10, five stocks in the Nifty500 segment that gained over 6% 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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Newgen Software Technologies
RSI: 66.04 | Prev RSI: 49.15 | CMP: Rs 517.2
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Indian Bank
RSI: 60.34 | Prev RSI: 39.31 | CMP: Rs 870.7
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4/6
Firstsource Solutions
RSI: 60 | Prev RSI: 49.43 | CMP: Rs 259.71
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Mangalore Refinery And Petrochemicals
RSI: 59.73 | Prev RSI: 44.68 | CMP: Rs 162.49
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Zensar Technologies
RSI: 58.84 | Prev RSI: 44.92 | CMP: Rs 508.25