The Relative Strength Index (RSI) is a technical indicator that helps identify whether a stock is overvalued or undervalued. It moves between a scale of 0 and 100, showing the strength or weakness of a stock’s recent price movements.
When the RSI goes above 70, it suggests that the stock might be overbought and could soon face a price correction. On the other hand, when the RSI drops below 30, it indicates that the stock may be oversold and could rebound in the near term. Traders use the RSI to determine better entry and exit points, helping them make more informed decisions based on short-term market trends.
Here are a few Nifty 500 stocks that are trading below the Relative Strength Index (RSI) Level 30
Rainbow Children’s Medicare Limited
Rainbow Childrens Medicare Limited was established in 1999 in Hyderabad by Dr. Ramesh Kancharla. It runs a chain of multi-specialty hospitals focused on child and women’s healthcare, offering pediatric, neonatal, and maternity services across several cities in India.
With a market capitalization of Rs. 13,416.47 crores on Thursday, the stock closed at Rs. 1,321.05, with an RSI of 25.09, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Godrej Industries Limited
Godrej Industries Limited was founded in 1897 by Ardeshir Godrej in Mumbai during India’s Swadeshi movement. It is part of the Godrej Group, and the company began with locks and diversified into chemicals, consumer products, agrovet, real estate, and financial services, serving over 1.1 billion consumers globally with innovation and sustainability.
With a market capitalization of Rs. 36,004.26 crores on Thursday, the stock closed at Rs. 1,069, with an RSI of 24.28, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Clean Science & Technology Limited
Clean Science & Technology Limited was incorporated in 2003 in Pune as Sri Distikemi Private Limited and later renamed in 2006 to reflect its focus on sustainable chemistry. It is a technology-driven manufacturer of specialty chemicals, producing eco-friendly and innovative products used in agrochemicals, food antioxidants, and pharmaceuticals, with global operations across 30 countries.
With a market capitalization of Rs. 11,030.69 crores on Thursday, the stock closed at Rs. 1,038, with an RSI of 23.70, indicating that it is in the oversold zone, offering the potential for an upside bounce.
SignatureGlobal India Limited
SignatureGlobal India Limited was founded in 2000 and is a real estate development company headquartered in Delhi. Specializing in affordable and mid-segment housing, it has delivered nearly 28,000 residential and commercial units in Delhi NCR, focusing on innovative design, timely delivery, and customer trust.
With a market capitalization of Rs. 14,105.87 crores on Thursday, the stock closed at Rs. 1,003.90, with an RSI of 29.82, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Written By – Nikhil Naik
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