On October 13, eight shares within the Nifty500 pack that closed with over a 3% acquire had been highlighted within the “RSI Trending Up” scan, primarily based on information from StockEdge.com. An uptrend sign is taken into account when the Relative Energy Index (RSI) crosses above 50 from under. “RSI trending up” signifies that RSI values are rising, suggesting strengthening momentum within the inventory’s value. Merchants usually use this as a cue for potential shopping for alternatives.
