MRPL, Chennai Petroleum among 5 stocks showing bullish RSI upswing
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Bullish Momentum
On March 16, five stocks from the Nifty500 universe that gained over 3% were highlighted in the RSI Trending Up scan, based on data from StockEdge.com. It is considered an uptrend signal if the RSI value crosses above 50 from below. "RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the stock's price. This can indicate potential upward movement and may be used by traders to identify buying opportunities.
2/6
Mangalore Refinery And Petrochemicals
RSI: 59.47 | Prev. RSI: 43.98 | CMP: Rs 206.77
3/6
Chennai Petroleum Corporation
RSI: 59.28 | Prev. RSI: 49.77 | CMP: Rs 988.55
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4/6
Zen Technologies
RSI: 57.89 | Prev. RSI: 48.69 | CMP: Rs 1,416.5
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Aadhar Housing Finance
RSI: 54.22 | Prev. RSI: 44.93 | CMP: Rs 478.75
6/6
ITI
RSI: 53.46 | Prev. RSI: 29.49 | CMP: Rs 277.15