Stocks with RSI below 30
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Stocks with RSI below 30

Pranay

Senior Researcher and Editor

12 May 2023 2 mins read

Stocks with RSI below 30 : RSI is a widely recognized technical indicator that measures the momentum and speed of price movements. When a stock’s RSI dips below the 30, it suggests that the stock is undervalued and may be due for a bounce-back. While it’s not a crystal ball, this strategy has provided incredible opportunities to investors seeking to capitalize on short-term market imbalances.

Historical data shows that stocks with RSI below 30 have often resulted in short-term recoveries.This can deliver impressive gains to those who seize the moment. This powerful strategy allows you to tap into the untapped potential of these undervalued gems, setting yourself up for success in the ever-evolving world of investing.

Stock NameSymbolSector NameRSI
Orient Electric Ltd.ORIENTELECConsumer Durables29.83
Dr. Reddy's Laboratories Ltd.DRREDDYHealthcare28.67
Ipca Laboratories Ltd.IPCALABHealthcare28.42

Is RSI below 30 buy or sell?

Generally, when RSI of a stock is below 30, it is considered oversold. This usually means a BUY as the stock is undervalued.

Which RSI is best?

Traders most widely use RSI 14. But RSI 9 is also another popular RSI value that intraday traders use. RSI 9 should be used when the market is choppy.

What range of RSI is a good?

For swing trading, RSI below 30 is a good place as the stock is considered to be undervalued. It is safe to sell the stock when the RSI reaches 80. However, when the stock is in high momentum uptrend, buying after RSI crosses 70 can lead to good short term gains.

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About the author

Pranay

Senior Researcher and Editor

Pranay is the co-founder of DailyBulls.in, a trader-focused market research and learning platform, and OIHelper.com, a platform focused on open interest analysis. He has 5+ years of experience following Indian markets, with core interests in technical analysis, stock screeners, open interest analysis, and structured research workflows.He is also a coder and spends much of his time building custom stock screeners, research tools, and AI-assisted workflows that help organize market data, improve research efficiency, and make technical learning more practical for traders and market learners. Through DailyBulls.in, he shares educational content, research-driven articles, and workflow ideas built around technical analysis, market behavior, and data-backed learning.His work has also been referenced in academic publishing, including an MDPI-published paper in the Journal of Risk and Financial Management.

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