Chennai Petroleum Corporation among 3 stocks showing RSI Trending Up

On October 7, three Nifty500 stocks that gained over 3% were highlighted in the “RSI Trending Up” scan, based on data from StockEdge. An uptrend signal occurs when the RSI value crosses above 50 from below. “RSI Trending Up” means that the Relative Strength Index (RSI) values are increasing, indicating strengthening momentum in the stock’s price. The RSI is a technical indicator commonly used by traders to assess price momentum and trend strength.