​5 largecaps hint at uptrend as RSI inches higher above 50​

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    Trend Tracker

    ​RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement. The RSI value ranges between 0 and 100. Herein the StockEdge data takes into consideration the time period of 14 days to compute RSI

    iStock
    ​​Significance of RSI moving up
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    ​​Significance of RSI moving up


    It is considered to be a bullish signal as the RSI has crossed above 50 from below

    iStock
    ​​JSW Energy
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    ​​JSW Energy


    ​RSI as on June 6: 58.3 | Previous RSI: 46.04| Last closing price as on June 6: Rs 263.35| % gain: 5.5%

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    ​​Kotak Mahindra Bank
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    ​​Kotak Mahindra Bank

    RSI as on June 6: 55.49| Previous RSI: 49.72| Last closing price as on June 6: Rs 1959.05| % gain: 1.8%

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    Siemens
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    Siemens

    RSI as on June 6: 52.79| Previous RSI: 47.60| Last closing price as on June 6: Rs 3586.35| % gain: 1.8%

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    ​​NTPC
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    ​​NTPC

    RSI as on June 6: 52.03 | Previous RSI: 47.96| Last closing price as on June 6: Rs 175.4| % gain: 0.8%

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    ​​UPL
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    ​​UPL

    RSI as on June 6: 51.09 | Previous RSI: 48.64| Last closing price as on June 6: Rs 694| % gain: 0.6%

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