Top Smallcap stocks with RSI in the oversold zone

Top smallcap stocks with RSI in the oversold zone

by 5paisa Research Team Last Updated: 2022-03-25T15:47:16+05:30

The Relative Strength Index is a widely used momentum indicator by technical analysts. Read on to find out top small-cap stocks with their RSI in the oversold zone.

Nifty 50 ended slightly lower in yesterday’s volatile session closing 0.13 per cent lower at 17,222 levels. Broader markets outperformed the benchmark indices with mid-cap and small-cap indices ending marginally higher. On the sectoral front, banks, financials, and consumer durables plunged, while stocks of metal, IT, pharma, and oil & gas surged.

Nifty 50 has been consolidating in the narrow range for the last five consecutive trading sessions. On the other hand, Bank Nifty continued to underperform Nifty 50, as it declined more than 1.7% against a fall of mere 0.13% in Nifty 50. Having said that, the fall in crude oil prices likely aid banks to regain some lost grounds.

While you screen stocks, there are various factors such as Market Cap, volumes, moving averages, etc. that you should consider. Similarly, the Relative Strength Index (RSI) which is a momentum indicator would definitely help you in screening stocks.

RSI is an indicator that helps you measures the magnitude of recent price changes to evaluate overbought or oversold situations. RSI is usually displayed as a line graph on a scale of 0 to 100 which moves between two extremes. It is believed that stocks with an RSI of 70 or above suggests overbought or overvalued condition and probably signals for a trend reversal or correction. On the flip side, an RSI of 30 or below suggests an oversold or undervalued situation.

Here is the list of top five small-cap stocks with RSI in the oversold zone.

Top five S&P BSE Small-Cap Index stocks with RSI in oversold zone 

Stocks 

Last Traded Price (Rs) 

Change (%) 

RSI 

Dilip Buildcon Ltd. 

244.0 

0.4 

29.8 

Procter & Gamble Health Ltd. 

4,266.0 

0.1 

29.6 

PTC India Ltd. 

80.5 

-1.0 

29.1 

SVP Global Textiles Ltd. 

42.7 

1.0 

28.9 

MEP Infrastructure Developers Ltd. 

18.6 

-0.8 

28.5 


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