On January 9, six stocks from the Nifty500 pack were highlighted in the RSI Trending Up scan, based on data from StockEdge.com. An uptrend signal is generated when the RSI value crosses above 50 from below.
“RSI trending up” indicates that the Relative Strength Index (RSI) values are rising, suggesting strengthening price momentum. This may point to potential upward movement and is often used by traders to identify buying opportunities.