Thermax, Latent view among 10 stocks with RSI trending up

The stock market is a dynamic environment, and investors need every tool at their disposal to make informed decisions. One such tool is the Relative Strength Index (RSI). On October 17, ETMarkets explores this essential indicator, showcasing 10 stocks with rising RSI and why it's a crucial component of stock analysis.

The Relative Strength Index (RSI) is a technical indicator that measures the speed and change of price movements. It provides insight into whether a stock is overbought or oversold and is expressed on a scale from 0 to 100.

Top 10 Stocks with RSI on the Rise

On October 17, StockEdge reported that 37 stocks were trending up in terms of RSI. Here are 10 stocks from that list:

1) Thermax Ltd.
RSI: 62.99
Prev. RSI: 48.9

2) Latent View Analytics Ltd.
RSI: 58.92
Prev. RSI: 47.64

3) CIE Automotive India Ltd.
RSI: 57.41
Prev. RSI: 48.17

4) Garware Technical Fibres Ltd.
RSI: 56.7
Prev. RSI: 45.87

5) Bharat Petroleum Corporation Ltd.
RSI: 55.76
Prev. RSI: 48.22

6) Vaibhav Global Ltd.
RSI: 55.65
Prev. RSI: 48.74

7) Ceat Ltd.
RSI: 55.35
Prev. RSI: 41.85

8) Hindustan Petroleum Corporation Ltd.
RSI: 55.22
Prev. RSI: 49.81

9) Privi Speciality Chemicals Ltd.
RSI: 54.82
Prev. RSI: 49.43

10) HDFC Life Insurance Company Ltd.
RSI: 54.53
Prev. RSI: 46.88

Data pertaining to stocks whose RSI was trading up on October 18, Wednesday will be updated later today.

(Disclaimer: This is an AI generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)