The Relative Strength Index (RSI) is a tool used in stock trading to check how fast and how much a stock’s price is changing. It has a scale from 0 to 100. If the RSI is above 70, the stock might be overpriced and could see a drop. If it is below 30, the stock might be underpriced and could rise. RSI is usually calculated over 14 days.
Here is the list of stocks that are in the Oversold Zone on RSI :
Bajaj Auto
Bajaj Auto Limited is one of India’s leading automobile manufacturers, specializing in two-wheelers and three-wheelers. Part of the Bajaj Group, the company is known for its popular motorcycle brands
With a market capitalization of Rs. 2,08,745 crores, the stock is currently trading at Rs. 7,485. The RSI stands at 28.12, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
FACT
Established in 1943, Fertilisers and Chemicals Travancore Limited (FACT) is one of India’s oldest and largest fertilizer and chemical manufacturing companies, headquartered in Kochi, Kerala.
With a market capitalization of Rs. 41,399 crores, the stock is currently trading at Rs. 640. The RSI stands at 27.98, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
Sheela Foam
Established in 1971 and headquartered in Noida, Uttar Pradesh, Sheela Foam Limited is a leading manufacturer of polyurethane (PU) foam products in India, best known for its flagship mattress brand Sleepwell
With a market capitalization of Rs. 7,722 crores, the stock is currently trading at Rs. 710. The RSI stands at 28.40, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
Go Fashion
Established in 2010 and headquartered in Chennai Go Fashion (India) Limited is a leading women’s bottom-wear apparel brand in India, best known for its brand Go Colors.
With a market capitalization of Rs. 3,863 crores, the stock is currently trading at Rs. 715. The RSI stands at 25.67, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
KNR Construction
Established in 1995 and headquartered in Hyderabad, Telangana KNR Constructions Limited is a leading infrastructure development company in India, specializing in road construction, highways, irrigation, and urban infrastructure projects.
With a market capitalization of Rs. 6,085 crores, the stock is currently trading at Rs. 216. The RSI stands at 24.19, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
Written By Abhishek Das
