Oversold Stocks (RSI < 30)

Q: What does oversold mean?

A stock is considered oversold when its price has fallen sharply and rapidly, pushing technical indicators like the RSI (Relative Strength Index) below 30. It suggests the selling pressure might be exhausted.

Q: Is an oversold stock a guaranteed buy?

No. Stocks in strong downtrends can remain oversold for long periods. Oversold levels simply highlight a stock that is 'cheap' relative to its recent history, but you must look for a reversal pattern before buying.

Find highly oversold stocks on the NSE using the 14-day RSI indicator. Identify potential bounce-back candidates and bottom-fishing opportunities.

#	Symbol	Price	Change	Volume	Market Cap	52W High	RSI (14)
1	SRPL Shree Ram Proteins Limited	₹0.37	-2.63%	513,994	₹9.768 Cr	₹0.84	2.3
2	PARSVNATH Parsvnath Developers Limited	₹2.96	-1.99%	207,327	₹131.425 Cr	₹27.39	10.6
3	MEP MEP Infrastructure Developers Limited	₹0.77	-1.28%	143,297	₹14.309 Cr	₹2.87	11.9
4	ABAN ABAN	₹13.87	-4.93%	64,344	₹85.155 Cr	₹61.00	15.4
5	LEMERITE LEMERITE	₹26.56	+1.92%	559,997	N/A	₹107.57	18.1
6	DIL Debock Industries Limited	₹0.93	-1.06%	510,585	₹15.46 Cr	₹2.53	21.1
7	GRMOVER GRMOVER	₹93.19	-0.13%	873,463	₹1,936.405 Cr	₹185.45	22.4
8	BCONCEPTS Brand Concepts Limited	₹173.51	-0.30%	2,979	₹218.695 Cr	₹449.00	26.5
9	MHLXMIRU MHLXMIRU	₹151.76	-10.09%	174,337	N/A	₹244.65	27.3
10	ONGC ONGC	₹245.45	-0.32%	7,333,052	₹3,993,836,286 Cr	₹307.50	28.2
11	FCONSUMER Future Consumer Limited	₹0.31	-3.12%	3,049,160	₹63.905 Cr	₹0.55	28.2
12	OIL OIL	₹417.55	-0.73%	442,754	N/A	₹531.00	28.6
13	HAVISHA HAVISHA	₹1.29	+0.78%	2,335	N/A	₹2.84	28.8
14	AQYLON AQYLON	₹46.81	-2.56%	681,807	N/A	₹1,714.90	29.6
15	EASTSILK EASTSILK	₹47.50	-5.00%	2,432	N/A	₹99.25	29.8

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Understanding Oversold Stocks (RSI < 30)

How to use this screener for your trading decisions.

Finding Bounce-Back Opportunities

Our oversold stocks screener identifies equities that have faced immense selling pressure in the short term, pushing their 14-day Relative Strength Index (RSI) below 30. For mean-reversion traders, these stocks represent potential bottom-fishing opportunities where the panic selling may have climaxed.

Trading the RSI Bounce

While an RSI below 30 indicates a stock is mathematically oversold, it is dangerous to catch a falling knife. Savvy traders use this screener to build a watchlist, and then they wait for a bullish candlestick reversal pattern (like a hammer or bullish engulfing) paired with high volume before initiating a long position.

Frequently asked questions

What does oversold mean?+

A stock is considered oversold when its price has fallen sharply and rapidly, pushing technical indicators like the RSI (Relative Strength Index) below 30. It suggests the selling pressure might be exhausted.

Is an oversold stock a guaranteed buy?+

No. Stocks in strong downtrends can remain oversold for long periods. Oversold levels simply highlight a stock that is 'cheap' relative to its recent history, but you must look for a reversal pattern before buying.