Oil India among 3 stocks showing bullish RSI upswing
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Trend watch
Three stocks from the Nifty500 segment were identified in the RSI Trending Up scan on May 12, based on data from StockEdge.com. An uptrend signal is generated when the RSI value crosses above 50 from below. “RSI trending up” indicates strengthening price momentum, which may signal potential upward movement and help traders spot buying opportunities.
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Oil & Natural Gas Corporation
RSI: 58.31 | Prev RSI: 46.01 | CMP: Rs 294.5
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Oil India
RSI: 58.21 | Prev RSI: 42.11 | CMP: Rs 490.95
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Paradeep Phosphates
RSI: 53.44 | Prev RSI: 46.28 | CMP: Rs 127.63