Infosys among 4 stocks showing bullish RSI upswing
By Ritesh Presswala, ETMarkets.com |
1/5
Trend watch
On April 16, in the Nifty200 pack, four stocks were highlighted in the RSI Trending Up scan, based on data from stockedge.com. It is an uptrend signal if the RSI value has crossed above 50 from below. "RSI trending up" means the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the stock's price. This can indicate potential upward movement and help traders identify buying opportunities.
2/5
Colgate-Palmolive (India)
RSI: 53.02 | Prev RSI: 49.41 | CMP: Rs 1,977.4
3/5
Infosys
RSI: 52.01 | Prev RSI: 49.38 | CMP: Rs 1,319.2
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4/5
ITC
RSI: 50.58 | Prev RSI: 49.02 | CMP: Rs 303.4