Over 40 stocks are trading with momentum indicator RSI trending up. ETMarkets has picked five largecap stocks in this pack to give insights about their movement trends on October 6, Friday. 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 15 days to compute RSI. Furthermore, RSI also enables an understanding of the stock’s overvalued or oversold state.
iStock
2/7
Significance of RSI moving up
This is a bullish signal as the RSI has crossed above 50 from below.
iStock
3/7
Maruti Suzuki India
RSI as on October 5: 51.27 | Previous RSI: 47.7| Last closing price: Rs 10302.05
iStock
4/7
Tata Motors
RSI as on October 5: 50.87 | Previous RSI: 49.56 | Last closing price: Rs 622.45
Agencies
5/7
NTPC
RSI as on October 5: 52.03 | Previous RSI: 49.94 | Last closing price: Rs 235.55
Reuters
6/7
Grasim Industries
RSI as on October 5: 52.19 | Previous RSI: 49.67 | Last closing price: Rs 1903.3
Agencies
7/7
Divi’s Laboratories
RSI as on October 5: 50.24 | Previous RSI: 47.63 | Last closing price: Rs 3721.8
