Synopsis: Asian Paints, Infosys, Berger Paints India, Newgen Software Technologies, and Zensar Technologies Limited are trading below RSI 30, indicating oversold momentum and potential short-term rebound opportunities.
The Relative Strength Index (RSI) is a popular momentum indicator used by traders to measure the speed and strength of a stock’s price movements. It ranges from 0 to 100 and helps assess whether a stock may be stretched on the upside or downside, offering clues about short-term momentum and possible trend reversals.
Typically, an RSI reading above 70 suggests overbought conditions, indicating the stock may face selling pressure, while a reading below 30 points to oversold levels and a potential bounce. Traders watch these thresholds to spot short-term entry and exit opportunities. Here are a few stocks that are trading below the Relative Strength Index (RSI) Level 30
Infosys Limited
Infosys Limited is a global IT services and consulting company providing digital transformation, cloud, AI, and enterprise technology solutions. It serves clients across industries worldwide and is known for software development, outsourcing, and innovation-driven services supported by a large global workforce.
With a market capitalization of Rs. 5,97,010.32 crores on Wednesday, the stock closed at Rs. 1,472.40, with an RSI of 28.10, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Berger Paints India Limited
Berger Paints India Limited is a major Indian paint manufacturer producing decorative and industrial coatings, protective paints, and construction chemicals. The company serves residential, commercial, and infrastructure markets through a wide dealer network and focuses on product innovation and customer solutions.
With a market capitalization of Rs. 53,727.72 crores on Wednesday, the stock closed at Rs. 460.80, with an RSI of 26.85, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Asian Paints Limited
Asian Paints Limited is India’s largest paint company and a leading decorative and industrial coatings manufacturer. It offers paints, waterproofing, home décor, and related solutions. The company operates globally with strong brand presence, an extensive distribution network, and a focus on innovation and premium home improvement products.
With a market capitalization of Rs. 2,29,536.03 crores on Wednesday, the stock closed at Rs. 2,393, with an RSI of 31.38, which is close to the oversold zone of RSI below 30. This indicates that the stock may be poised for an upside bounce.
Newgen Software Technologies Limited
Newgen Software Technologies Limited provides enterprise software solutions for digital process automation, content management, and customer communication management. The company serves banks, insurance firms, and enterprises globally, helping organizations improve operational efficiency and digital customer engagement.
With a market capitalization of Rs. 7,606.89 crores on Wednesday, the stock closed at Rs. 534.50, with an RSI of 23.56, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Zensar Technologies Limited
Zensar Technologies Limited is a global IT services and digital solutions company offering application management, cloud, AI, and enterprise technology services. It serves clients in manufacturing, retail, banking, and insurance sectors, focusing on digital transformation and technology modernization.
With a market capitalization of Rs. 13,873.25 crores on Wednesday, the stock closed at Rs. 610, with an RSI of 27.96, indicating that it is in the oversold zone, offering the potential for an upside bounce.
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