The Relative Strength Index (RSI) is a popular technical indicator used by traders to analyse the momentum of price movements in financial markets. It measures both the speed and magnitude of recent price changes on a scale of 0 to 100, helping investors identify potential trend reversals and evaluate the strength of ongoing trends.
When the RSI moves above 70, it often signals that a stock or asset is overbought, implying prices may have risen too quickly and a correction could follow. On the other hand, an RSI below 30 suggests oversold conditions, indicating the asset might be undervalued and could soon see a price recovery or upward reversal.
Here is the list of stocks trading below RSI 30;
Sumitomo Chemical India Ltd
Sumitomo Chemical India is a leading agrochemical and specialty chemicals company offering crop protection solutions, environmental health products and feed additives. With strong Japanese parentage, robust R&D and a wide distribution network, it delivers innovative, farmer-focused products across India’s agricultural markets while expanding its presence in exports and specialty chemistry segments.
With a market capitalization of Rs. 23,132.91 crores on Monday, the stock closed at Rs. 463.45 apiece, with an RSI of 23:10, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Clean Science and Technology Ltd
Clean Science and Technology is a specialty chemicals manufacturer known for environmentally friendly, catalytic process-based production. It supplies performance chemicals, pharmaceutical intermediates and FMCG ingredients to global customers. With strong margins, advanced technology and a focus on green chemistry, the company has built a reputation for reliability, efficiency and innovation in high-value chemical segments.
With a market capitalization of Rs. 9,937.13 crores on Monday, the stock closed at Rs. 935.05 apiece, with an RSI of 29.43, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Ola Electric Mobility Ltd
Ola Electric is a fast-growing Indian electric two-wheeler manufacturer focused on accelerating the country’s transition to sustainable mobility. Backed by large-scale manufacturing at its Futurefactory and a growing product lineup, the company aims to build a complete EV ecosystem covering batteries, charging infrastructure and advanced software-led mobility solutions.
With a market capitalization of Rs. 18,648.99 crores on Monday, the stock closed at Rs. 42.28 apiece, with an RSI of 26.02, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Action Construction Equipment Ltd
Action Construction Equipment (ACE) is a leading Indian manufacturer of cranes, material handling equipment, construction machinery, and agricultural equipment. Known for its strong domestic market presence, diverse product portfolio, and reliable engineering, ACE serves infrastructure, industrial, and farming sectors while consistently expanding its technology capabilities and nationwide dealership network.
With a market capitalization of Rs. 11,765.42 crores on Monday, the stock closed at Rs. 988.00 apiece, with an RSI of 28.60, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Written by Abhishek Singh
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