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 :
GO FASHION
Go Fashion (India) Limited is a pioneer in branded bottom wear for women. They offer a wide range of bottom wear in terms of colors and styles to go with any top, all available under the same roof. With a market capitalization of Rs. 3,720 crores, the stock is trading at Rs. 699. The RSI stands at 29.87, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
GENSOL ENGINEERING
Gensol Engineering Limited specializes in providing end-to-end Engineering, Procurement, and Construction (EPC) services for solar power projects globally, with a focus on renewable energy solutions and venturing into electric mobility With a market capitalization of Rs. 775 crores, the stock is trading at Rs. 204. The RSI stands at 12.98, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
INDUSIND BANK
IndusInd Bank is one of India’s leading financial services brands. They are the preferred banking solutions provider and partner for approximately 42 million customers across the country, including individuals, large corporations, various government entities, and PSUs.
With a market capitalization of Rs. 51,109 crores, the stock is trading at Rs. 656. The RSI stands at 23.67, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
RATEGAIN TRAVEL
RateGain is one of the world’s largest processors of hotel bookings, pricing intelligence, and customer travel intent. RateGain today provides SaaS solutions for travel and hospitality, helping them accelerate revenue generation through acquisition, retention, and wallet share expansion. With a market capitalization of Rs. 4,986 crores, the stock is trading at Rs. 423. The RSI stands at 27.81, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
INDO FARM EQUIPMENT
Indo Farm Equipment Limited is a distinguished ISO-certified crane and tractor manufacturing company situated in Baddi, Himachal Pradesh. The commencement of its manufacturing operations dates back to the year 2000, initiated through a technical collaboration with Ursus (Poland). With a market capitalization of Rs. 755 crores, the stock is trading at Rs. 157. The RSI stands at 29.55, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
Written By Abhishek Das
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