The Relative Strength Index (RSI) measures how fast and how far a stock has moved over the last 14 sessions on a 0–100 scale. A reading below 30 means selling has been intense and the stock is technically "oversold" — the move down may be getting stretched. This scan lists every NSE stock whose 14-day RSI has dropped under 30 today.
Traders watch oversold names for a mean-reversion bounce, usually waiting for RSI to turn back up above 30 or for a bullish candle to confirm before entering, rather than catching a falling knife.
Oversold is not the same as cheap. In a strong downtrend a stock can stay below 30 for weeks, so pair this with the broader trend (e.g. price above the 200-day SMA) before assuming a reversal.
This is a Momentum scan. AlphaGrid computes it across 2,000+ NSE-listed stocks using end-of-day and intraday price data, refreshing through the trading session. Results are ranked and can be opened in the full screener, where you can add your own conditions and set alerts.
Not on its own. RSI under 30 flags that momentum is stretched to the downside, but it works best as a "watch list" trigger — confirmed by RSI curling back up or a reversal candle — especially when the stock is still in a longer-term uptrend.
It means a NSE stock has fallen hard enough over 14 sessions that its RSI(14) is below 30. It often precedes a short-term bounce, but in a genuine downtrend it can simply mark the start of more weakness.
AlphaGrid recalculates RSI across 2,000+ NSE stocks through the trading day, so the list reflects the latest available data.
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