Several stocks exhibited an upward trend in their Relative Strength Index (RSI) on August 29, 2025, suggesting potential buying opportunities for traders. Among these stocks were ITC, Larsen & Toubro (L&T), and Dabur India.

Understanding RSI

The Relative Strength Index (RSI) is a momentum indicator used in technical analysis. It measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator and can have a value from 0 to 100. Typically, an RSI above 70 indicates that a stock is overbought and may be due for a price correction, while an RSI below 30 suggests that a stock is oversold and may be poised for a price increase. However, some consider an RSI value above 50, after crossing from below, as an uptrend signal.

Stocks Showing RSI Trending Up

On August 29, 2025, ITC, L&T, and Dabur India were among a group of six stocks from the Nifty200 pack that displayed an "RSI Trending Up" signal, according to data from stockedge.com. This signal indicates that the RSI values for these stocks were increasing, suggesting strengthening momentum in their price. This can be interpreted as a potential buying opportunity by some traders.

Individual Stock Analysis

• ITC: On August 29, 2025, ITC's share price experienced a slight increase of 0.02%, trading at ₹409.65. Technical analysis of ITC on that day indicated a "Buy" signal, with an RSI of 70.874. The moving averages for ITC also showed a "Strong Buy" outlook.
• L&T: On August 29, 2025, L&T's stock price saw an uptick of 0.01%, reaching ₹3,604.65 per share. The company's RSI was at 50.6.
• Dabur India: Dabur India's share price also experienced a positive upturn of 0.23% on August 29, 2025, trading at ₹515.65. Intraday technical analysis of Dabur India on the same day showed an RSI of 53.30, which is considered mildly bullish.

Other Stocks with Bullish Signals

Besides ITC, L&T, and Dabur India, other stocks also exhibited bullish signals on August 29, 2025. Waaree Energies, Jamna Auto, and Sudarshan Chemicals were recommended as stocks to buy for short-term gains. These stocks displayed chart patterns indicating sustained strength, and their RSIs were trending upward.

Technical Considerations

While an increasing RSI can be a positive signal, it's important to consider other technical indicators and market conditions before making any investment decisions. For instance, Amentum Holdings's 15-minute chart showed an overbought RSI and a KDJ Death Cross signal on August 29, 2025, suggesting a potential downturn in the stock's momentum.

Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Investors should consult with a certified financial professional before making any investment decisions.