The Relative Strength Index (RSI) is a simple indicator that measures whether a stock is overvalued or undervalued, with readings between 0 and 100.
An RSI above 70 suggests the stock may be overbought and could face a price correction, while a level below 30 indicates oversold conditions, signaling a potential rebound. Traders use RSI to spot more accurate entry and exit opportunities based on recent price trends.
1. Tata Elxsi Limited
Tata Elxsi Limited was established in 1989 and is engaged in design and technology services. The company is engaged across automotive, healthcare, media, and communication sectors, engaged in delivering digital solutions using AI, IoT, cloud, and virtual reality technologies.
With a market capitalization of Rs. 33,325.49 crores on Monday, the stock closed at Rs. 5,350, with an RSI of 29.07, indicating that it is in the oversold zone, offering the potential for an upside bounce.
2. Bayer CropScience Limited
Bayer CropScience Limited was established in 1958 and is engaged in the manufacture, sale, and distribution of insecticides, fungicides, herbicides, and hybrid seeds. It focuses on crop protection, seeds & traits, and digital farming to support sustainable agriculture in India and beyond.
With a market capitalization of Rs. 23,506.96 crores on Monday, the stock closed at Rs. 5,230.50, with an RSI of 19.88, indicating that it is in the oversold zone, offering the potential for an upside bounce.
3. AAVAS Financiers Limited
AAVAS Financiers Limited was established in 2011 in Jaipur, India, and provides housing loans to low and middle-income customers in semi-urban and rural areas. It focuses on affordable home financing for underserved markets across multiple Indian states.
With a market capitalization of Rs. 12,144.14 crores on Monday, the stock closed at Rs. 1,534.10, with an RSI of 25.03, indicating that it is in the oversold zone, offering the potential for an upside bounce.
4. C.E. Info Systems Limited
C.E. Info Systems Limited was incorporated in 1995 and is India’s leading digital maps and geospatial technology company. It provides advanced mapping, navigation, and location-based IoT solutions in India and internationally under the brand names MapmyIndia and Mappls.
With a market capitalization of Rs. 9,001.71 crores on Monday, the stock closed at Rs. 1,645, with an RSI of 25.48, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Written By – Nikhil Naik
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