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 Name | Symbol | Sector Name | RSI |
|---|---|---|---|
| Orient Electric Ltd. | ORIENTELEC | Consumer Durables | 29.83 |
| Dr. Reddy's Laboratories Ltd. | DRREDDY | Healthcare | 28.67 |
| Ipca Laboratories Ltd. | IPCALAB | Healthcare | 28.42 |
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.
