On February 24, four stocks from the Nifty500 universe gained over 2% and were identified in the RSI Trending Up scan from StockEdge.com. This scan highlights stocks whose Relative Strength Index (RSI) values have started to rise above 50, indicating a trend of increasing momentum. Such signals are often seen as potential buying opportunities by traders as they suggest an upward movement in stock prices.
RSI values for these stocks were as follows: 55.52 (up from 48.58) with a current market price (CMP) of Rs 1735.1, 55.05 (up from 48.43) with a CMP of Rs 3023.5, 51.71 (up from 44.25) with a CMP of Rs 1002.2, and 50.62 (up from 43.09) with a CMP of Rs 123.59.
In recent news, Prime Minister Modi has arrived in Tel Aviv to deliver a speech at the Knesset, strengthening India-Israel relations. Meanwhile, India has secured a significant economic boost with ₹11,000 crore in Japanese investments in Uttar Pradesh. Elsewhere, Bihar’s Deputy Chief Minister Vijay Sinha has ordered action against illegal meat shops, and in Odisha, ₹4 crore was seized during a vigilance raid. Additionally, US Under Secretary confirmed goals for $500 billion in India-US trade.