Cipla, Ingersoll-Rand among 5 stocks with RSI trending up

In the dynamic world of stock trading, mastering technical indicators can provide invaluable insights for investors. One such potent indicator is the Relative Strength Index (RSI). In this article, we will delve into what RSI is and why it's a vital tool for assessing stock movements.

The Relative Strength Index, or RSI, is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between 0 and 100 and is used to identify overbought or oversold conditions in a stock. RSI values above 70 typically indicate that a stock may be overbought, while values below 30 suggest an oversold condition. But why is RSI important for investors?

RSI helps investors gauge the momentum of a stock's price movement. An increasing RSI often suggests that a stock is gaining momentum, potentially indicating an uptrend.

5 Stocks with RSI on the Rise

On October 18, StockEdge reported 20 stocks that exhibited upward-trending RSI. We've selected 5 of these stocks that could be intriguing for investors:

1) CRISIL Ltd.
RSI: 60.7
Previous RSI: 47.76

2) Sun Pharma Advanced Research Company Ltd.
RSI: 58.73
Previous RSI: 45.61

3) Cipla Ltd.
RSI: 58.1
Previous RSI: 46.13

4) Kirloskar Ferrous Industries Ltd.
RSI: 57.07
Previous RSI: 46.47

5) Ingersoll-Rand (India) Ltd.
RSI: 56.75
Previous RSI: 42.81

(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)