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