On June 2, six Nifty500 stocks that gained 5% or more were highlighted in the RSI Trending Up scan based on data from StockEdge.com. The signal is generated when RSI crosses above 50 from lower levels, indicating improving momentum. Rising RSI values suggest strengthening price action and potential bullish continuation, helping traders identify possible buying opportunities.
Market Samachar is a news aggregator. This article was originally published by Stocks-Markets-Economic Times. Tap the button above to read the full story on their site.