SBI, HDFC Bank among 6 stocks that give uptrend signal as RSI ascends higher

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 the largecap stocks which signal possible uptrend in the near term. Note the data is of the previous day i.e. September 7 as today’s data is updated EoD.(Source: StockEdge