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Sanjay Ahuja

7th Oct · SEBI-Registered Analyst

FOUR STOCKS IN THE OVERSOLD ZONE AND TRADING BELOW RSI 30 TO KEEP ON YOUR WATCHLIST

The Relative Strength Index (RSI) is a technical indicator used in financial markets to measure the speed and change of price movements. It ranges from 0 to 100 and is typically used to assess whether a stock or asset is overbought or oversold. An RSI value above 70 indicates that the asset might be overbought, suggesting it could be overvalued and might experience a price correction. Conversely, an RSI below 30 indicates that the asset might be oversold, potentially signalling that it is undervalued and could experience a price rebound. Four stocks currently trading in the oversold zone with RSI below 30 are -

VBL
,
WABAG
,
WHIRLPOOL
, and
SUZLON

#WatchOutFor#TechnicalViews#IndexStrategies#MacroViews#Miscellaneous
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