RITES, Bharat Electronics among 10 stocks with RSI trending down
On September 21, Thursday, StockEdge reported that 80 stocks were exhibiting a declining trend in their Relative Strength Index (RSI). ETMarkets has handpicked 10 of these stocks for a closer look. This article explores what RSI is, why it's vital for assessing stock movements, and delves into the 10 stocks with declining RSI trends.
Varun Saboo’s 3 top bets in auto; likes pipe & cables among discretionary stocks
"In terms of discretionary, the trend in pipe companies, cable companies, etc. are going to continue. We remain very positive there. We are very positive on the entire cable space. PolyCab is one of the ideas which we really like. Obviously, it has had a great run but that is for a reason and that is continuing also for a reason because the outlook for the next at least one and a half, two years looks very optimistic."
The company has also received additional orders worth Rs 886 crore since the last disclosure on August 25 and the said orders pertain to upgrade of AFNET SATCOM N/W, upgrade of Akash missiles with RF Seeker, inertial navigation system and other equipment with accessories and spares, among others.