On December 31, seven Nifty50 stocks that gained over 1.5% were highlighted in the RSI Trending Up scan, based on data from StockEdge.com. An uptrend signal is generated when the RSI crosses above 50 from below. “RSI trending up” indicates rising Relative Strength Index values, suggesting strengthening price momentum. This may signal potential upside and is often used by traders to identify buying opportunities.
Source: https://economictimes.indiatimes.com/markets/stocks/news/reliance-industries-jsw-steel-among-7-stocks-showing-bullish-rsi-upswings/slideshow/126281997.cms
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