List of Stocks With RSI Below 30 in India

Last Updated on Dec 9, 2024 by Vanessa Sequeira

In the world of stock analysis, the term ‘RSI’ has gained significant popularity. It may make you wonder, ‘What is RSI in the stock market?’. The relative strength indicator (RSI) is a popular technical indicator that measures the momentum and speed of stock price movements. When the RSI of any stock drops below 30, it suggests that the stock may be oversold and due for a rebound. Low RSI stocks may present an opportunity for investors and traders to buy the security at a discounted price. In this article, let’s look at stocks with RSI below 30, focusing on the lowest RSI stocks in various segments, including RSI below 30 Nifty 50 stocks and RSI below 30 Nifty 500 stocks.

List of Stocks with RSI Below 30

Note: The stocks with RSI less than 30 are sorted using the below-mentioned parameters on Tickertape Stock Screener on 7th November 2024.

• RSI – 14D: Set the higher limit to 30 – Sort from lowest to highest

Note that these stocks are in no order of preference. Please note that these stock selection criteria and the stocks are provided for informational purposes only; it is essential to conduct your own research.

🚀 Pro Tip: Utilise Tickertape’s Market Mood Index to gauge market sentiment and make informed investment decisions based on real-time market data and trends.

Overview of the Stocks with RSI Below 30

Here are brief overviews of the stocks below RSI 30 listed above:

Bharti Airtel Ltd

Bharti Airtel is a leading telecom player in India, known for its vast subscriber base and expansive network. The company is poised for substantial growth, with expected earnings growth of 156.50% for the coming year, a notable increase compared to its 3-year CAGR of 0.00%. Over the past five years, Bharti Airtel’s revenue has increased at a yearly rate of 12.31%, outperforming the industry average of 7.49%. With its stock recently dipping into the RSI oversold stocks category, Bharti Airtel is a key component of the RSI below 30 Nifty 50 stocks group.

Hindustan Unilever Ltd

A dominant force in India’s FMCG sector, Hindustan Unilever commands a strong portfolio of brands across personal care, home care, and food. As part of the lowest RSI stocks, this stock below RSI 30 is expected to return 15.97% from its current price, outpacing its 3-year CAGR of 6.09%. Revenue growth over the past five years has been consistent at a yearly rate of 9.55%, closely aligned with the industry average of 9.52%.

Titan Company Ltd

Known for its jewellery, watches, and eyewear, Titan is a popular consumer goods company in India with a strong brand appeal. This company is a shining example of RSI oversold stocks, with a yearly revenue increase of 20.93% over the last five years, compared to the industry average of 10.25%. Net income has also grown at a robust yearly rate of 20.01%, outperforming the industry’s 8.21%.

Coal India Ltd

As the largest coal producer in the world, Coal India plays a critical role in India’s energy sector. With its stock falling into the RSI below 30 Nifty 500 stocks category, it boasts a solid financial position, with an ROE of 51.52% and a strong net profit margin of 24.82%. Its stock recently closed at ₹424.05 as of 8th November 2024, offering potential value among stocks below RSI 30.

Siemens Ltd

Siemens operates in various segments, including energy, healthcare, and automation, making it a versatile player in India’s industrial sector. Financially, this RSI below 30 stock maintains a healthy net profit margin of 9.77%, underscoring its operational efficiency in a competitive landscape.

Trent Ltd

Trent, a prominent retail company under the Tata Group, is known for its retail chains such as Westside and Zudio. As a leading stock in the RSI below 30 Nifty 500 stocks, its growth prospects are bright, with expected earnings growth of 14.05% for the coming year, above its 3-year CAGR of 0.00%. Its revenue has grown at an impressive 37.99% yearly rate over the last five years, surpassing the industry average of 20.39%.

Indian Oil Corporation Ltd

As India’s largest public sector oil company, Indian Oil has a significant presence in refining and fuel marketing.  This RSI below 30 stock has demonstrated consistent performance, with net income growing at a yearly rate of 19.15% over the past five years, higher than the industry’s 17.55%.

Interglobe Aviation Ltd

Known for its airline IndiGo, Interglobe Aviation dominates the Indian aviation market. As part of the RSI oversold stocks, its revenue has grown at a yearly rate of 19.02% over the last five years, higher than the industry average of 15.19%. It has also expanded its market share substantially from 47.42% to 88.73%.

ABB India Ltd

ABB India, a leader in industrial technology and automation, has a strong financial footing, reflected by an ROE of 22.82% and a net profit margin of 11.56%, showcasing its profitability within the sector. This RSI below 30 stock is well-positioned in the industry, with its market capitalisation standing at ₹1,51,812 crore.

CG Power and Industrial Solutions Ltd

Specialising in electrical equipment and engineering services, CG Power is part of the lowest RSI stocks list. CG Power has shown resilience with a yearly revenue growth rate of 1.7% over the last five years, above the industry’s 0.22%. The company has worked to reduce its debt, reflected in its unique debt-to-equity ratio of -372.74%, compared to the industry average of 32.69%.

What are Stocks with RSI Below 30?

Stocks with an RSI (Relative Strength Index) below 30 are considered oversold. The RSI measures a stock’s price momentum. When the RSI drops below 30, it often suggests that the stock may be undervalued and could potentially rebound. For investors and traders, RSI below 30 stocks, including daily RSI below 30 and weekly RSI below 30, might offer a chance to buy stocks at a lower price. Stocks with monthly RSI below 30 also present long-term opportunities for mean reversion and potential growth.

How to Invest in Stocks with RSI Below 30

Investing in oversold stocks with an RSI below 30 can be approached effectively using Tickertape, a comprehensive tool for stock analysis. Here’s an overview of how to identify and invest in stocks below 30 RSI efficiently:

Tickertape offers a range of features to help investors pinpoint nifty 50 stocks RSI below 30 and other stocks under 30 RSI. The RSI, a momentum oscillator, measures the speed and change of price movements. An RSI below 30 typically indicates undervalued or oversold stocks, such as weekly RSI below 30 stocks, making it a valuable metric for strategic investing.

1. Starting with Tickertape: Users first need to create an account or log in to Tickertape. Once set up, they can access the Tickertape Stocks Screener, where they can apply the RSI-14D filter. By applying the RSI-14D filter and setting the upper limit to 30, users can generate a list of stocks with RSI below 30, including daily RSI below 30 stocks. Sorting the stocks in descending order of RSI-14D further refines the list for actionable insights.
2. Utilising Filters: Tickertape provides over 200 filters, allowing users to customize their search. Investors looking for monthly RSI below 30 stocks or focusing on specific metrics like market cap, P/E ratio, or dividend yield can tailor filters to suit their strategy.
3. Analysing Stock Data: Each stock listed comes with detailed information, including financial performance, metrics, and future projections. This data helps investors evaluate the financial health and growth potential of each stock.
4. Monitoring and Investing: Investors can track promising stocks by adding them to a watchlist and place buy orders through their brokerage accounts linked to Tickertape. Tickertape’s ‘Alerts’ feature ensures they stay informed about stock movements, including updates on weekly RSI below 30 or daily RSI below 30 stocks.

This approach enables investors to make informed decisions based on comprehensive stock data and analysis tools provided by Tickertape. Get a detailed analysis of your portfolio now!

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Features of Stocks with RSI Below 30

Here are a few key features of stocks with an RSI below 30:

• Oversold Conditions: RSI under 30 stocks indicates that a stock has experienced significant selling pressure, making it likely oversold. This means that the price has dropped considerably, potentially more than justified by the stock’s fundamentals.
• Potential for Price Reversal: When RSI levels fall this low, it can indicate a slowing of selling momentum, hinting at a possible reversal or bounce-back in the stock’s price as buyers might start to enter the market.
• Increased Volatility: Shares with RSI below 30 often exhibit higher volatility. This reflects the rapid shifts in investor sentiment, where sudden price changes are more common.
• Mean Reversion: Many stocks below 30 RSI may be considered for mean reversion strategies, where it is expected that the price will eventually move back towards its historical average, given that the current price may be an anomaly.

Benefits of Investing in Stocks with RSI Below 30

Investing in RSI under 30 stocks offers several advantages. Here are some key benefits of adding stocks with low RSI to your portfolio:

• Potential for Price Recovery: Stocks in the Nifty 50 RSI below 30 or Nifty 50 stocks RSI below 30 categories are often oversold, indicating the potential for price recovery. When market conditions improve, these stocks with low RSI can experience sharp price increases, offering profit opportunities for investors.
• Opportunity for Lower Purchase Prices: Buying oversold stocks in the NSE with low RSI levels allows investors to purchase at more attractive prices. As the stock recovers, this strategy can lead to increased profit margins, especially in RSI under 30 stocks.
• Indicator of Market Sentiment: An RSI below 30 may suggest that a stock is undervalued due to temporary market pessimism. As sentiment shifts, it can create a buying opportunity.
• Balancing Risk and Reward: Targeting oversold stocks can optimise the risk-reward ratio, with limited downside and greater upside potential.
• Clear Entry Points: This strategy offers clear, technical entry points, reducing the guesswork in market timing and simplifying investment decisions. For example, identifying stocks with RSI below 40 or focusing on Nifty 50 RSI below 30 stocks can streamline the investment process.
• Enhanced Portfolio Diversification: Adding low RSI stocks to a portfolio can help spread risk across different assets. It can reduce overall portfolio volatility.

Who Should Invest in Stocks with RSI Below 30?

Here are a few types of investors who may find stocks with an RSI below 30 appealing:

• Value Investors: Value investors search for undervalued stocks that have the potential to rebound. Oversold stocks in the NSE or stocks with RSI below 40 can be particularly appealing as these often represent market overreactions. Value investors aim to capitalise on the stock’s recovery.
• Technical Traders: Technical traders use analysis to guide their decisions and often find stocks with an RSI below 30 enticing. This indicator signals potential buying opportunities, fitting strategies that capitalise on momentum shifts. A low RSI suggests the possibility of an upward movement, aligning with their goal of profiting from price changes.
• Risk-Tolerant Investors: Investors with a higher tolerance for risk, focusing on short to medium-term gains, might be drawn to low RSI stocks. These investors are comfortable with volatility and rapid price changes, seeking higher returns. The potential for significant price rebounds in oversold stocks can offer substantial rewards for those willing to take on the risk.

Risks of Investing in Stocks with RSI Below 30

Here are some potential risks of investing in stocks with an RSI below 30:

• Misleading Signals: An RSI below 30 can suggest a buying opportunity, but it may also reflect underlying weakness in the stock. This could result in investing in a stock that continues to decline.
• Delayed Recovery: Although RSI under 30 stocks sometimes indicates a potential rebound, broader market conditions or company-specific issues can delay recovery. This can lead to extended periods of poor performance.
• High Volatility: Stocks with an RSI below 30 can often experience high volatility, causing significant short-term price swings. This may be unsuitable for investors with low risk tolerance or a short investment horizon.

Factors to Consider When Investing in Stocks With RSI Below 30

Here are some key factors to understand when evaluating stocks with an RSI below 30:

• Market Conditions: A low RSI can sometimes indicate not just a specific stock’s situation, but also a broader market downturn. Observing overall market trends can provide context for why a stock’s RSI might be low.
• Stock Fundamentals: Examining the fundamentals of companies in the RSI below 30 stock list can reveal whether the low RSI is due to temporary factors or underlying business challenges. Understanding these fundamentals can help in assessing the stock’s long-term potential.
• Historical Performance: Analysing past RSI trends and the stock’s historical performance can offer insights into how the stock has behaved in similar situations. This analysis can be useful in anticipating possible future movements.
• Volatility: Stocks with an RSI below 30 often exhibit higher volatility, which means they can be more unpredictable. Recognising this characteristic can be helpful in managing expectations and considering appropriate risk management strategies.
• Investment Horizon: Low RSI levels might not result in immediate price rebounds. Understanding this can be important for those with a longer-term investment horizon, as patience may be required.
• Diversification: Considering how an investment in a stock with a low RSI fits into an overall investment strategy is essential. It’s also important to consider how this investment contributes to portfolio diversification, which can help mitigate concentrated risks.

To conclude

RSI below 30 can indicate early warning signals, oversold conditions, confirmation of other technical indicators, mean reversion strategies, risk management, and more. However, it is crucial to consider other technical parameters before making any trading or investment decision. Remember, RSI is generally used with other technical and fundamental parameters to confirm the oversold signals and make an informed decision. A thorough analysis can be your non-negotiable step before investing in companies on the RSI below 30 stock list. For this purpose, Tickertape offers various solutions, including a stock screener with over 200 filters, an option to create your custom filter, pre-built screens, and export data for further analysis. Read this blog to learn more about how to use Tickertape Stock Screener effectively.

Frequently Asked Questions (FAQs) About Stocks with RSI Below 30

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Anjali Chourasiya

I am a finance enthusiast who loves exploring the world of money through my lens. I’ve been dedicated to building systems that work and curating content that helps people learn.

As an insatiable reader and learner, I’ve spent the last two years exploring the world of finance. With my creative mind and curious spirit, I love making complex finance topics easy and fun for everyone to understand. Join me on my journey as we navigate the world of finance together!

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