​Ambuja Cements and 9 other stocks flash uptrend signal as RSI moves up​

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 0-100. The data considers 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 large, midcap stocks which signal a possible uptrend in the near term. Note: The data is of the previous session i.e. August 18 as today’s data would be updated EoD. (Source: StockEdge). In case the RSI has crossed above 50 then it is a bullish signal.