Godrej Properties, Gravita India, and 5 Other Nifty 500 Stocks Trading Below RSI 30; Do You Hold Any?
India, Sept. 24 -- The Relative Strength Index (RSI) is a technical indicator used to measure the strength and momentum of a stock's price movement. It ranges from 0 to 100 and helps traders understand whether buying or selling momentum is becoming stronger.
An RSI above 70 is generally considered an overbought zone, suggesting that the stock has risen sharply and may face short-term profit booking or consolidation. On the other hand, an RSI below 30 is considered an oversold zone, indicating strong selling pressure and the possibility of a recovery. However, RSI should not be used alone and is best considered alongside price trends, volumes and other indicators. Here are a few Nifty 500 stocks that are trading below the Relative Stren...
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