On October 16, eight stocks from the Nifty200 pack that gained over 2% were featured 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 momentum in a stock’s price. This can point to potential upward movement and may help traders identify buying opportunities.