On September 3, within the Nifty50 pack, eight stocks were highlighted in the RSI Trending Up scan, based on data from StockEdge.com.
An uptrend signal is generated when the Relative Strength Index (RSI) crosses above 50 from below. This indicates that momentum is strengthening in the stock’s price. The term “RSI Trending Up” means the RSI values are increasing, which suggests improving bullish sentiment. Traders often view this as a potential buying opportunity.
Here are the eight Nifty50 stocks where RSI crossed above 50: