TCS, Finolex Cables among 10 stocks with RSI trending up

Relative Strength Index (RSI) is a strong tool to analyse market trends and make informed investment decisions. On July 13, StockEdge reported that 12 stocks were trading up, and ETMarkets has identified 10 stocks from this group that have witnessed RSI trading up. These stocks have witnessed an increase in their RSI values compared to their previous RSI levels.

The RSI is a widely used technical indicator that measures the speed and change of price movements in a stock. It is a momentum oscillator that ranges from 0 to 100 and helps identify whether a stock is overbought or oversold. RSI is calculated based on the average gain and average loss over a specific period, typically 14 days. The RSI value provides insights into the stock's current strength and potential trend reversal points.

When the RSI crosses above 70, it suggests that the stock may be overbought, indicating a potential pullback or correction in price. On the other hand, when the RSI falls below 30, it implies that the stock may be oversold, indicating a potential price rebound.


Let's take a closer look at these stocks:

1) KIOCL Ltd. (RSI: 60.59, Prev. RSI: 41.21)

Tata Consultancy Services Ltd. (RSI: 59.74, Prev. RSI: 49.4)

Finolex Cables Ltd. (RSI: 58.85, Prev. RSI: 48.07)

RattanIndia Enterprises Ltd. (RSI: 57.95, Prev. RSI: 48.58)

Bajaj Electricals Ltd. (RSI: 57.21, Prev. RSI: 48.51)

Tata Elxsi Ltd. (RSI: 53.46, Prev. RSI: 44.07)

United Breweries Ltd. (RSI: 53.26, Prev. RSI: 48.67)

CRISIL Ltd. (RSI: 52.91, Prev. RSI: 49.71)

Schaeffler India Ltd. (RSI: 52.88, Prev. RSI: 49.36)

Glaxosmithkline Pharmaceuticals Ltd. (RSI: 52.38, Prev. RSI: 49.77)

Please note that data pertaining to stocks whose RSI was trading up on July 14, Friday, 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)