THREE FUNDAMENTALLY STRONG STOCKS TRADING BELOW RSI LEVEL 30 TO KEEP ON YOUR WATCHLIST

In technical analysis, the Relative Strength Index (RSI) is an indicator used to measure the strength of a stock. 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 stock might be overvalued and could see a fall, whereas an RSI below 30 indicates that the stock might be undervalued and could experience a price rebound. Below are 3 fundamentally strong stocks with RSI level below 30:

- this is a global IT services and solutions provider headquartered in India. The company specializes in offering technology solutions such as software development, IT consulting, and digital transformation services. With a market cap of Rs 9,310 crore, the stock is currently trading at Rs 333 levels with an RSI of 20.30, indicating that it is in the oversold zone, offering the potential for an upside bounce. - this is a leading housing finance company in India, offering home loans, mortgage loans, and other financial products. It is a subsidiary of Punjab National Bank, one of the country’s oldest and most prominent public sector banks. With a market cap of Rs 20,140 crore, the stock is currently trading at Rs 773 levels with an RSI of 16.55, indicating that it is in the oversold zone, offering the potential for an upside bounce. - this is one of the largest telecom infrastructure companies in India. It operates a network of telecom towers, providing shared infrastructure to mobile operators, which helps in enhancing their coverage and network quality. With a market cap of Rs 89,324 crore, the stock is currently trading at Rs 332 levels with an RSI of 19.80, indicating that it is in the oversold zone, offering the potential for an upside bounce.