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Bharat Dynamics among 5 stocks showing RSI trending up

Reported by: Economic Times ·

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Bharat Dynamics

Summary

Economic Times published a list of five Nifty500 stocks, including Bharat Dynamics, that gained over 3% on November 9. The outlet said these stocks appeared in a StockEdge scan called RSI Trending Up, where their Relative Strength Index crossed above 50 from below. RSI is a momentum measure: it compares the size of recent gains with recent losses, usually over 14 trading sessions, and is read on a scale of 0 to 100. A reading above 50 is often taken to mean gains have been outweighing losses. Nifty500 is an index of 500 listed companies across sectors. The report gives no prices, targets or reasons for the moves. This is a screen of past price movement, not a recommendation.

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Economic Times  · · Tone 0

Bharat Dynamics among 5 stocks showing RSI trending up

Five Nifty500 stocks that gained over 3% on November 9 featured in StockEdge’s RSI Trending Up scan, with their Relative Strength Index (RSI) crossing above 50 from below, signalling strengthening price momentum.

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