Tech Mahindra among 5 stocks showing bullish RSI upswing
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Trend Watch
On April 29, five stocks from the NSE large-cap pack were flagged in the RSI Trending Up scan, according to data from stockedge.com. An uptrend signal is generated when the RSI crosses above 50 from below. “RSI trending up” indicates that the Relative Strength Index (RSI) is rising, suggesting strengthening price momentum. This may point to potential upside and is often used by traders to identify buying opportunities.
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Bharti Airtel
RSI: 58.2 | Prev. RSI: 49.63 | CMP: Rs 1,888.1
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Tech Mahindra
RSI: 53.37 | Prev. RSI: 45.67 | CMP: Rs 1,459.8
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Eicher Motors
RSI: 52.19 | Prev. RSI: 48.57 | CMP: Rs 7,189.5
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Cholamandalam Investment and Finance Company
RSI: 51.79 | Prev. RSI: 49.73 | CMP: Rs 1,553.3
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Britannia Industries
RSI: 51.1 | Prev. RSI: 48.58 | CMP: Rs 5,709