THREE 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 stocks with RSI level below 30:

- the company is an NBFC specializing in secured small business and mortgage loans for micro-entrepreneurs and self-employed individuals operating mainly in South India. With a market cap of Rs 17,266 crore, the stock is currently trading at Rs 586 levels with an RSI of 27.96, indicating that it is in the oversold zone, offering the potential for an upside bounce. - this is India’s largest sugar refiner and ethanol producer, operating multiple sugar mills and refineries. It focuses on sugar manufacturing, ethanol, bio-energy, and power generation. With a market cap of Rs 6,007 crore, the stock is currently trading at Rs 28 levels with an RSI of 24.58, indicating that it is in the oversold zone, offering the potential for an upside bounce. - based in Faridabad, this company is India’s leading manufacturer of material handling and construction equipment, specializing in mobile cranes, tower cranes, loaders, road construction, and agricultural machinery. With a market cap of Rs 11,190 crore, the stock is currently trading at Rs 940 levels with an RSI of 19.50, indicating that it is in the oversold zone, offering the potential for an upside bounce.