The Benchmark Indices are on the rise touching their all-time high levels last week. Listed below are 4 stocks that have a Relative Strength Index (RSI) of less than 30 thereby trading in the oversold region:
Easy Trip Planners Limited
The company’s shares closed their trading session today at Rs 41.95, gaining about 1 percent as compared to the previous closing levels of Rs 41.50. The Relative Strength Index of the company is ‘24.33’ indicating that the stock is trading near the oversold region. The 50-Day moving average price of the stock is Rs 45.45.
Gujarat Fluorochemicals Limited
The company’s shares closed their trading session today at Rs 3,009, flat as compared to the previous closing levels of Rs 3,011.85. The Relative Strength Index of the company is ‘27.19’ indicating that the stock is trading near the oversold region. The 50-Day moving average price of the stock is Rs 3,262.25.
Oil India Limited
The company’s shares closed their trading session today at Rs 244.55, gaining about 1.20 percent as compared to the previous closing levels of Rs 241.65. The Relative Strength Index of the company is ‘28.90’ indicating that the stock is trading near the oversold region. The 50-Day moving average price of the stock is Rs 256.50.
SBI Cards and Payment Services Limited
The company’s shares closed their trading session today at Rs 860.90, gaining about 2 percent as compared to the previous closing levels of Rs 844.85. The Relative Strength Index of the company is ‘29.81’ indicating that the stock is trading near the oversold region. The 50-Day moving average price of the stock is Rs 861.50.
Written by Amit Madnani
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
