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. Tata Consultancy Services
Tata Consultancy Services (TCS) is India’s largest IT services and consulting company, part of the Tata Group. Established in 1968, TCS provides a wide range of services, including software development, cloud computing, AI, cybersecurity, and digital transformation solutions to clients across industries worldwide.
With a market capitalization of Rs. 12,86,953 crores, the stock is currently trading at Rs. 3,557. The RSI stands at 24.50, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
2. Hindustan Unilever
A subsidiary of Unilever Plc, Hindustan Unilever Limited (HUL) is India’s largest fast-moving consumer goods (FMCG) company, known for its diverse portfolio of household and personal care brands.
With a market capitalization of Rs. 5,11,036 crores, the stock is currently trading at Rs. 2,175. The RSI stands at 28.12, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
3. Bajaj Auto
Bajaj Auto Limited is one of India’s leading automobile manufacturers, specializing in two-wheelers and three-wheelers. Part of the Bajaj Group, the company is known for its popular motorcycle brands
With a market capitalization of Rs. 2,07,713 crores, the stock is currently trading at Rs. 7,438. The RSI stands at 22.84, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
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4. Oracle Financial Services Software
Oracle Financial Services Software (OFSS) is a leading provider of IT solutions for the banking and financial services industry. A subsidiary of Oracle Corporation, the company specializes in core banking, risk management, compliance, and analytics solutions.
With a market capitalization of Rs. 68,653 crores, the stock is currently trading at Rs. 7,906. The RSI stands at 29.44, indicating that the stock is in the oversold zone. This suggests a potential for an upside bounce.
5. Hero Motocorp
Hero MotoCorp Limited is the world’s largest manufacturer of two-wheelers, renowned for its fuel-efficient and reliable motorcycles and scooters. Established in 1984, the company has a dominant market share in India’s commuter bike segment with popular models like Splendor, Passion, HF Deluxe, and Xtreme.
With a market capitalization of Rs. 71,863 crores, the stock is currently trading at Rs. 3,593. The RSI stands at 29.60, 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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