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:
1. Bajaj Auto
Bajaj Auto Limited is one of India’s leading automobile manufacturers, specializing in two-wheelers and three-wheelers. Established in 1945 and headquartered in Pune, Maharashtra, the company is known for its iconic brands
With a market capitalization of Rs. 2,10,867 crores, the stock is currently at Rs. 7,550. The RSI stands at 29.53, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
2. ICICI Prudential Life
ICICI Prudential Life Insurance Company Limited is one of India’s leading life insurance providers, offering a wide range of protection, savings, retirement, and investment-linked insurance products.
With a market capitalization of Rs. 79,396 crores, the stock is currently at Rs. 550. The RSI stands at 27.55, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
3. MCX
Multi Commodity Exchange of India Limited (MCX) is India’s largest commodity derivatives exchange, providing a platform for trading in commodities such as gold, silver, crude oil, natural gas, base metals, and agricultural products.
With a market capitalization of Rs. 23,745 crores, the stock is currently at Rs. 4,656. The RSI stands at 29.02, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
4. Oracle Financial Services Software
Oracle Financial Services Software Limited (OFSS) is a leading provider of IT solutions for the banking and financial services industry. A subsidiary of Oracle Corporation, OFSS is headquartered in Mumbai, India, and specializes in core banking, risk management, compliance, analytics, and digital banking solutions.
With a market capitalization of Rs. 65,466 crores, the stock is currently at Rs. 7,538. The RSI stands at 25.18, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
5. Cello World
Cello World Limited is a leading Indian consumer products company known for its diverse range of household products, stationery, and furniture. Established in 1962, the company has built a strong brand reputation for quality and innovation.
With a market capitalization of Rs. 12,159 crores, the stock is currently at Rs. 550. The RSI stands at 28.18, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
Written By Abhishel Das
