RSI Oversold Stocks
Daily RSI at or below 30 — washed-out names where bounces get violent once sellers are exhausted.
About This Scan
RSI below 30 marks the oversold zone where selling gets overdone. This scan lists NSE stocks that closed in that zone with a green candle — the first hint that sellers are losing control. Bounces from oversold levels are violent but risky: always demand confirmation before catching the knife.
Scan Rules
Stock passes all of the below filters in the ALL segment using 1D candles:
- 1.RSI less than or equal to 30
- 2.Close greater than Open
How To Use This Scan
- •Prefer oversold bounces in uptrends (price above the 200-day EMA) — they mean-revert fastest.
- •Wait for a green close or an RSI turn back above 30 before entering; the first oversold day is often not the last.
- •Position small and place stops below the swing low — oversold can stay oversold.
Frequently Asked Questions
What is RSI below 30 in stocks?
A 14-day RSI under 30 indicates oversold conditions — persistent selling has pushed the stock to a statistical extreme where a bounce often develops.
Should I buy oversold stocks?
Only with confirmation. Oversold stocks in longer uptrends that print a green candle or reclaim RSI 30 offer the best bounce odds; falling knives in downtrends keep falling.