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. CRISIL
CRISIL Limited is a leading global analytics company providing ratings, research, risk advisory, and policy advisory services. Established in 1987 and headquartered in Mumbai, India. With a market capitalization of Rs. 30,641 crores, the stock is trading at Rs. 4,190. The RSI stands at 28.47, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
2. INDIGO PAINTS
Indigo Paints Limited is one of India’s leading decorative paint manufacturers, known for its innovative and premium-quality products. Established in 2000 and headquartered in Pune, Maharashtra. With a market capitalization of Rs. 4,503 crores, the stock is trading at Rs. 945. The RSI stands at 28.79, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
3. GO FASHION
Go Fashion (India) Limited is a leading women’s bottom-wear brand in India, known for its flagship brand Go Colors. Established in 2010 and headquartered in Chennai, Tamil Nadu. With a market capitalization of Rs. 3,618 crores, the stock is trading at Rs. 670. The RSI stands at 27.56, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
4. INDUSIND BANK
IndusInd Bank Limited is a leading private-sector bank in India, offering a wide range of banking and financial services to individuals, businesses, and corporates. Established in 1994, the bank is headquartered in Mumbai, Maharashtra.. With a market capitalization of Rs. 50,603 crores, the stock is trading at Rs. 649. The RSI stands at 25.94, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
5. EXPLEO SOLUTIONS
Expleo Solutions Limited is an Indian-based software service provider specializing in software validation and verification services, primarily catering to the banking, financial services, and insurance (BFSI) sectors. Established in 1998 and headquartered in Chennai.. With a market capitalization of Rs. 1,233 crores, the stock is trading at Rs. 795. The RSI stands at 24.73, 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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