Polycab India, RBL Bank: 187 Nifty 500 stocks that look bullish as per RSI

Among the Nifty 500 stocks, the overall trend appears to be extremely bullish. The chart pattern of the Nifty 500 index also suggests the possibility of more buying in these scrips in the days ahead

Even though the markets have been consolidating in a range since the past few sessions, there are still a number of stocks that look bullish on the charts.

An analysis of the Nifty 500 index on the Relative Strength Index (RSI) parameter, a tool that helps identify the strength and momentum on a scale  of 0 to 100 value, indicates only one stock - Container Corporation of India Ltd (CONCOR) - to be on a weak footing.

To measure the sentiment of any stock, the RSI helps to determine the bullish and bearish sentiment. In other words, the index assists