Delta Corp, Adani Wilmar among 5 stocks with RSI in oversold zone
Relative Strength Index (RSI). On September 29, Friday, StockEdge reported that 5 stocks were trading in the oversold zone, offering intriguing opportunities for investors.
In this article, we'll delve into the importance of RSI and explore 10 stocks chosen by ETMarkets, each currently situated in the oversold territory.
The Relative Strength Index (RSI) is a versatile technical indicator used by traders and investors to assess the strength and direction of a stock's price movements. Ranging from 0 to 100, the RSI measures the relative magnitude of recent price changes to determine overbought and oversold conditions:
RSI above 70: Overbought (potential reversal to the downside)
RSI below 30: Oversold (potential reversal to the upside)
Here's why RSI is a vital tool for your investment toolbox:
Now, let's explore the 10 oversold stocks:
1) Navin Fluorine International Ltd.
RSI: 16.34
Previous RSI: 35.46
2) Delta Corp Ltd.
RSI: 18.05
Previous RSI: 14.41
3) V-Mart Retail Ltd.
RSI: 24.67
Previous RSI: 27.75
4) Adani Wilmar Ltd.
RSI: 26.41
Previous RSI: 27.37
5) Anupam Rasayan India Ltd.
RSI: 28.52
Previous RSI: 25.86
Data pertaining to stocks whose RSI is in the oversold zone on October 3, Tuesday will be updated later today.
(Disclaimer: This is an AI-generated article.
Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
