Apollo, Zydus, Indian Hotels Among 8 Stocks with Rising RSI on August 13

Market Movers: Apollo, Zydus, and Indian Hotels Lead RSI Surge on August 13

On August 13, the Indian stock market saw strong activity, with Apollo Hospitals, Zydus Lifesciences, and Indian Hotels Company Limited leading a list of eight stocks showing a Rising RSI. This is a signal that these stocks may be entering a strong upward trend, which has caught the attention of many traders and investors.

What is RSI and Why It Matters

RSI stands for Relative Strength Index. It is a tool used by traders to measure how fast and in which direction a stock’s price is moving. It is shown as a number between 0 and 100.

• Above 70: The stock might be overbought (too many people buying it).

• Below 30: The stock might be oversold (too many people selling it).

If the RSI is going up from a lower level, it often means buying pressure is increasing and the stock could go higher. Traders use this to spot opportunities before a stock jumps in price.

Apollo Hospitals – Strong in Healthcare

Apollo Hospitals is one of India’s biggest healthcare companies. It runs many hospitals and clinics and has been growing steadily. The rising RSI for Apollo suggests more investors are buying its shares, possibly because of strong financial results and a positive growth plan. This could mean healthcare stocks are becoming more popular again.

Zydus Lifesciences – Pharma Gaining Momentum

Zydus Lifesciences is a major pharmaceutical company. Recently, it has gained attention for new drug approvals, strong sales, and expansion into global markets. Its rising RSI could be a sign that the stock may go higher, supported by the overall growth in demand for medicines and healthcare products.

Indian Hotels – Hospitality Rebounds

Indian Hotels Company Limited, part of the Tata Group, is one of India’s biggest hotel chains. With travel and tourism picking up after the pandemic, the company has improved its earnings and hotel bookings. Its rising RSI suggests investors expect a strong holiday season, which could push the stock higher.

Other Stocks Showing a Rising RSI

Along with these three, five other stocks have also shown a sharp rise in RSI. Each stock has its own reason for the move, such as good earnings or strong demand in its sector. A rising RSI combined with higher trading volumes can be a sign that a stock is preparing for a big move.

Why Traders Care About RSI

A rising RSI usually means more buyers are coming into a stock. This can signal the start of an uptrend.

• For short-term traders, it can mean a quick profit opportunity.

• For long-term investors, it can mean a stock is being steadily bought and may have good future potential.

Still, traders should not depend on RSI alone. It works best when used with other tools like moving averages, volume checks, and price levels.

Sectors in Focus

The fact that healthcare, pharmaceuticals, and hospitality are showing strong RSI means investors are looking beyond the usual banking and IT stocks. This could be part of a sector rotation, where money moves into industries expected to do better in the short term.

Things to Watch Out For

A rising RSI can be good, but if it goes too high, it might mean the stock is overbought and due for a correction. Stocks with fast momentum can also drop quickly if investors start selling. That’s why traders often set stop-loss orders and avoid buying purely on RSI without checking the company’s fundamentals.

Disclaimer:

The information provided in this article is for informational purposes only and should not be considered as financial or investment advice. Readers are encouraged to conduct their own research or consult a qualified financial advisor before making any investment decisions. DXB news network is not responsible for any financial losses or outcomes resulting from the use of this information.