Investors are closely monitoring these major stocks as they break through their 100-day SMAs, indicating potential bullish trends.

On September 18, Monday, StockEdge identified 30 stocks trending up, a signal that investors often find valuable. ETMarkets has cherry-picked 10 of these stocks to explore their Relative Strength Index (RSI) trends and shed light on why RSI is a crucial tool for assessing stock movements.

On September 15, Friday, the stock market witnessed intriguing trends in the Relative Strength Index (RSI) of various stocks. ETMarkets has handpicked 10 stocks from a list of 30 that were trading with a declining RSI, providing valuable insights for investors.

Balaji Speciality Chemicals, which got the Sebi nod in November to go ahead with IPO, didn't give a reason for withdrawing the DRHP

"In connection with the offer, we have been informed by the BSCL that its Board of Directors through a resolution passed in the Board Meeting dated September 8 has decided to withdraw the DRHP filed with SEBI," Balaji Amines said in a filing.

In May, five independent directors decided to step down from their positions, explaining that their departure was driven by personal factors.

"In accordance with the Sebi master circular, we would like to submit that there has been a delay in the preparation of the consolidated financial results on account of the unavailability of the management," said Balaji Amines in an exchange filing.

RSI can confirm the strength of a stock's trend. When the RSI moves up along with the stock's price, it confirms the strength of the uptrend. Conversely, when the RSI moves down along with the stock's price, it validates the bearish trend

The stock market witnessed several noteworthy stocks crossing their 50-day Simple Moving Averages (SMA), indicating strong market momentum and potential bullish trends.

According to the latest shareholding pattern available with the exchanges, promoters own majority of the stake at 53.70%, while the rest of 46.30% lies with the public shareholders.

Benchmark indices BSE Sensex and Nifty 50 reached new lifetime highs, resulting in positive market sentiments. Nearly 40 Nifty 500 stocks reached their 52-week highs. However, there are some stocks trading at significant discounts from their 52-week highs. These include Balaji Amines, Bank of India, Brightcom Group, Campus Activewear, Central Bank of India, City Union Bank, Crompton Greaves Consumer Electricals Ltd., Deepak Fertilisers & Petrochemicals Corporation Ltd., Delhivery, and EID Parry (India). Investors should evaluate the financials and growth prospects of these stocks.