This article delves into the concept of RSI and its role in evaluating stock movements, particularly those showing upward trends. With StockEdge reporting 17 stocks trending up on Friday, August 18, ETMarkets has spotlighted 10 promising stocks for analysis. By exploring the interplay between RSI and stock trends, investors can glean valuable insights to guide their investment decisions.
The Relative Strength Index (RSI) is a widely used momentum oscillator to determine overbought or oversold conditions for a stock. A score above 70 indicates overbought conditions while a reading below 30 suggests oversold conditions.
Discover potential investment opportunities as we delve into five Nifty 500 companies that are currently trading at a discount of 50% or more from their 52-week highs. Explore the performance and key information about Adani Wilmar Ltd., Adani Green Energy Ltd., Campus Activewear Ltd., Piramal Enterprises Ltd., and Tata Teleservices (Maharashtra) Ltd. This article aims to provide valuable insights for potential investors, highlighting the potential growth prospects of these discounted stocks