India, Sept. 29 -- Relative Strength Index (RSI) is a widely applied momentum indicator that can assist traders in determining the strength and speed of stock price movements. It ranges from 0 to 100 and is frequently used by traders to determine whether stocks are overbought or oversold.

In most cases, when the RSI value is above 70, it shows that the price increase of stocks is relatively high. Thus, there is a likelihood of traders taking profits on a stock's price increase. If the RSI value is less than 30, the stock is believed to be oversold and can possibly recover. Here are a few Nifty 500 stocks that are trading below the Relative Strength Index (RSI) level of 30

Thermax Limited Thermax Limited is an Indian engineering company...