Stocks with an RSI below 30 are typically viewed as oversold, suggesting possible undervaluation or short-term weakness. Within the Nifty 500 universe, such stocks may be facing temporary pressure but could present attractive entry points for investors expecting a recovery or seeking value opportunities. Tracking these names helps both traders and long-term investors spot potential market reversals and evaluate favorable buying levels.
What is RSI and why is it important?
The Relative Strength Index (RSI) is a commonly used technical indicator that tracks the speed and magnitude of a stock’s recent price changes. Ranging from 0 to 100, it helps determine whether a stock is overbought or oversold. Generally, an RSI above 70 signals potential overbought conditions and a possible pullback, while an RSI below 30 indicates oversold levels and the likelihood of a rebound.
RSI is valuable because it helps investors and traders identify optimal entry and exit points. By measuring momentum, it reveals trend strength, potential reversals, and shifts in market sentiment, enabling better risk management and more strategic decision-making.
Below are list of stock trading below RSI level 30
Ola Electric Mobility Limited
Ola Electric Mobility Limited, based in Bengaluru and founded in 2017, designs, manufactures, and sells electric vehicles in India. The company operates through its Automotive and Cell segments, offering electric scooters, EV components like battery packs, motors, vehicle frames, and cells. It also provides charging solutions and runs service centers for its vehicles.
With market capitalization of Rs. 17,952.08 cr, the shares of Ola Electric Mobility Limited are closed at Rs. 40.70, up by 0.27 percent from its previous close of Rs. 40.59 per equity share.
With a current RSI of 23.66, the stock is technically in oversold territory and may attract investor attention for a possible rebound if buying momentum strengthens.
JSW Infrastructure Limited
JSW Infrastructure Limited, founded in 1999 and based in Mumbai, develops and operates commercial ports in India and abroad. Operating through Port Operations and Logistics segments, it provides port services, infrastructure development, cargo handling, storage, and logistics solutions.
With market capitalization of Rs. 56,679.04 cr, the shares of JSW Infrastructure Limited are closed at Rs. 269.90, up by 0.97 percent from its previous close of Rs. 267.30 per equity share.
With a current RSI of 28.13, the stock is technically in oversold territory and may attract investor attention for a possible rebound if buying momentum strengthens.
Jupiter wagons Limited
Jupiter Wagons Limited, founded in 1979 and based in Kolkata, manufactures and sells railway wagons, wagon components, and railway transportation equipment in India and abroad. The company offers freight and passenger wagons, wagon and coach accessories, track solutions, commercial and electric vehicles, containers, and cold chain transport solutions. It also provides property leasing, electrical equipment manufacturing, and drone delivery services.
With market capitalization of Rs. 12,405.96 cr, the shares of Jupiter wagons Limited are closed at Rs. 292.25, up by 1.12 percent from its previous close of Rs. 289 per equity share.
The stock’s current RSI of 29.49 indicates it is oversold and may catch investor’s attention for a possible rebound if buying momentum rises.
Kaynes Technology India Limited
Kaynes Technology India Limited, founded in 1988 and based in Mysore, is an integrated electronics manufacturer offering end-to-end IoT-enabled solutions. It provides design, engineering, manufacturing, and lifecycle support across industries including automotive, aerospace, defence, medical, railways, IT, and space sectors, both in India and internationally.
With market capitalization of Rs. 38,866.69 cr, the shares of Kaynes Technology India Limited are closed at Rs. 5,798, up by 0.35 percent from its previous close of Rs. 5,777.50 per equity share.
With a current RSI of 27.37, the stock is considered oversold and may attract investor interest for a potential rebound if buying activity increases.
Written by Akshay Sanghavi
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