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    ​2 IT stocks among 8 major largecaps signalling uptrend as RSI moves up​

    By
    , ETMarkets.com|
    Trend Tracker
    1/9

    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. Furthermore, apart from determining the likely uptrend or uptrend, RSI also enables an understanding of the stock’s overvalued or oversold state. So, here are major largecap stocks which signal a possible uptrend in the near term. Note the data is of the previous day i.e. August 1 as today’s data is updated EoD. (Source: StockEdge)

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    iStock
    Coal India
    2/9

    Coal India

    ​RSI as on August 1: 67.53| Previous RSI: 47.46 | Last closing price: Rs 240.35

    ETMarkets.com
    ​​SBI Cards and Payment Services
    3/9

    ​​SBI Cards and Payment Services


    ​RSI as on August 1: 59.35| Previous RSI: 48.51 | Last closing price: Rs 881.35

    ETMarkets.com
    ​​Eicher Motors
    4/9

    ​​Eicher Motors


    RSI as on August 1: 54.57| Previous RSI: 48.8 | Last closing price: Rs 3415.9

    ETMarkets.com
    ​​SRF
    5/9

    ​​SRF


    ​RSI as on August 1: 51.78| Previous RSI: 39.01 | Last closing price: Rs 2251.1

    ETMarkets.com
    ​​Pidilite Industries
    6/9

    ​​Pidilite Industries

    ​RSI as on August 1: 51.75| Previous RSI: 47.56 | Last closing price: Rs 2634.8

    ETMarkets.com
    ​​LTIMindtree
    7/9

    ​​LTIMindtree


    ​RSI as on August 1: 51.53| Previous RSI: 45.17 | Last closing price: Rs 4977.45

    ETMarkets.com
    ​​Mahindra and Mahindra
    8/9

    ​​Mahindra and Mahindra


    ​RSI as on August 1: 50.73| Previous RSI: 47.3 | Last closing price: Rs 1493.35

    ETMarkets.com
    ​​HCL Technologies
    9/9

    ​​HCL Technologies


    ​RSI as on August 1: 51.18| Previous RSI: 43.7 | Last closing price: Rs 1138.5

    ETMarkets.com
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