Wipro, Hero Moto among 5 stocks with RSI trending up
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about 1 year ago
Over four dozen stocks are trading with the momentum indicator RSI trending up. ETMarkets has picked five stocks in this pack to give insights about their trend on October 11, Wednesday. 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)
Economic Times