ITC among 4 stocks with RSI trending up

In the dynamic landscape of stock trading, investors often rely on technical indicators to make informed choices. One such indicator, the Relative Strength Index (RSI), has become a cornerstone of technical analysis. On September 12, Tuesday, StockEdge reported an interesting development: 4 stocks were trending up based on their RSI. Today, we've selected these stocks for a closer look, delving into the significance of RSI and why it plays a crucial role in understanding stock movements.

The Relative Strength Index (RSI) is a momentum oscillator used in technical analysis. It measures the speed and change of price movements and provides insights into whether a stock is overbought or oversold. RSI values typically range from 0 to 100, with readings above 70 suggesting overbought conditions and readings below 30 indicating oversold conditions. A rising RSI can signify strengthening momentum.

4 Stocks with an RSI Trending Up

Let's now explore 4 stocks that have recently experienced an RSI trending up:

1) ITC Ltd. (NSE: ITC) - RSI: 53, Prev. RSI: 49.09

2) Dr. Reddy's Laboratories Ltd. (NSE: DRREDDY) - RSI: 52.26, Prev. RSI: 47.06

3) Elgi Equipments Ltd. (NSE: ELGIEQUIP) - RSI: 52.03, Prev. RSI: 45.61

4) Procter & Gamble Health Ltd. (NSE: PGHL) - RSI: 50.36, Prev. RSI: 48.18

Data related to stocks with an RSI trending up on September 13, Wednesday, will be updated later today.

(Disclaimer: This is an AI generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)