Sun TV, Emami among 10 stocks with RSI trending up

When it comes to analyzing stocks, investors often turn to a wide array of technical indicators. One such tool that holds considerable importance is the Relative Strength Index (RSI). On September 29, Friday, StockEdge reported 50 stocks that were trending up, and in this article, we will delve into the significance of RSI by examining 10 stocks handpicked by ETMarkets that have seen their RSI trending up.

The Relative Strength Index (RSI) is a versatile technical indicator used by traders and investors to gauge the momentum and strength of a stock's price movements. RSI is typically measured on a scale of 0 to 100, with values above 70 indicating overbought conditions and values below 30 suggesting oversold conditions.

Now, let's explore the 10 stocks that have recently witnessed their RSI trending up:


1) Glenmark Pharmaceuticals Ltd.
RSI: 61.53
Previous RSI: 44.79

2) Sun TV Network Ltd.
RSI: 60.59
Previous RSI: 44.65

3) Emami Ltd.
RSI: 56.34
Previous RSI: 44.5

4) Hindalco Industries Ltd.
RSI: 60.27
Previous RSI: 46.64

5) Gujarat Alkalies And Chemicals Ltd.
RSI: 60.23
Previous RSI: 47.92

6) Alembic Pharmaceuticals Ltd.
RSI: 58.14
Previous RSI: 49.86

7) Sanofi India Ltd.
RSI: 57.19
Previous RSI: 44.88

8) Torrent Pharmaceuticals Ltd.
RSI: 56.97
Previous RSI: 45.98

9)Tata Motors Ltd.
RSI: 56
Previous RSI: 45.46

10) Metropolis Healthcare Ltd.
RSI: 56.96
Previous RSI: 47.89

Data pertaining to stocks whose RSI was trading up on October 3, Tuesday, Wednesday will be updated later today.

(Disclaimer: This is an AI-generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)