Biocon, PolicyBazaar among 5 stocks with RSI trending up
ravik1910
Over a dozen stocks are trading with momentum indicator RSI trending up. ETMarkets has picked five stocks in this pack to give insights about their movement trends on September 28, Thursday, ahead of the market opening today. RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement. The RSI value ranges between 0 and 100. Herein the StockEdge data takes into consideration the time period of 14 days to compute RSI. Furthermore, RSI also enables an understanding of the stock’s overvalued or oversold state. (Source: StockEdge)
iStock
2/7
Significance of RSI moving up
This is a bullish signal as the RSI has crossed above 50 from below.
iStock
3/7
PB Fintech (PolicyBazaar)
RSI as on September 28: 51.7 | Previous RSI: 44.21| Last closing price: Rs 761.65
ETMarkets.com
RSI as on September 28: 51.77 | Previous RSI: 49.03 | Last closing price: Rs 266.9
IANS
RSI as on September 28: 50.83 | Previous RSI: 49.43 | Last closing price: Rs 330.7
ETMarkets.com
RSI as on September 28: 52.67 | Previous RSI: 49.99 | Last closing price: Rs 1142.4
ETMarkets.com
RSI as on September 28: 54.86 | Previous RSI: 49.4 | Last closing price: Rs 1087.8
