The Relative Strength Index (RSI) is a popular tool traders use to understand price trends in financial markets. It shows how fast and how much prices are changing, helping to spot if an asset is overbought or oversold. RSI values range from 0 to 100.
An RSI value above 70 suggests the asset might be overbought, which means it could be overpriced and might soon face a price correction. While a trading below 30 signals it may be oversold and could bounce back soon.
Here are a few Nifty 50 stocks that are trading below the Relative Strength Index (RSI) Level 30
HCL Technologies Limited
HCL Technologies Limited (HCLTech) was established in 1991 and is headquartered in Noida. The company is a leading Indian multinational IT consulting company. It provides IT services, engineering, R&D, digital solutions, and software products to clients across 60 countries, employing over 223,420 people
Coming into financial highlights, HCL Technologies Limited’s revenue has increased from Rs. 28,057 crore in Q1 FY25 to Rs. 30,349 crore in Q1 FY26, which has grown by 8.17 percent. The net profit has decreased by 9.74 percent from Rs. 4,259 crore in Q1 FY25 to Rs. 3,844 crore in Q1 FY26. HCL Technologies Limited’s revenue and net profit have grown at a CAGR of 11.05 percent and 9.49 percent, respectively, over the last five years.
With a market capitalization of Rs. 419,017.03 crores on Thursday, the stock closed at Rs. 1,544.10, with an RSI of 24.41, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Tata Consultancy Services Limited
Tata Consultancy Services Limited (TCS) was founded in 1968 by Tata Sons Limited and is a leading Indian multinational IT services and consulting company headquartered in Mumbai. TCS operates in 46 countries and delivers IT solutions, digital services, and consulting.
Tata Consultancy Services is part of the Tata Group, ranking among the world’s largest IT firms by market capitalization. As of June 2025, TCS employs over 613,069 professionals globally
Coming into financial highlights, Tata Consultancy Services Limited’s revenue has increased from Rs. 62,613 crore in Q1 FY25 to Rs. 63,437 crore in Q1 FY26, which has grown by 1.32 percent. The net profit has also grown by 5.90 percent from Rs. 12,105 crore in Q1 FY25 to Rs. 12,819 crore in Q1 FY26. Tata Consultancy Services Limited’s revenue and net profit have grown at a CAGR of 10.22 percent and 8.50 percent, respectively, over the last five years.
With a market capitalization of Rs. 11,60,863.38 crores on Thursday, the stock closed at Rs. 3,208.50, with an RSI of 27.74, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Written By – Nikhil Naik
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