A recent market analysis highlights a group of Indian equities that are trading at or below a Relative Strength Index (RSI) level of 30, a technical indicator that often suggests a stock is oversold after recent price declines. The RSI — a momentum measure ranging from 0 to 100 — signals oversold conditions when below 30, which some traders interpret as a potential setup for a price bounce if sentiment stabilises. In the current list, several notable companies across various industries are showing RSI readings in this zone, reflecting recent selling pressure and weakened price trends.

Dixon Technologies, a major electronics manufacturing services firm, has been under intense selling pressure throughout 2025, leading its share price to a 52-week low and contributing to RSI below 30, suggesting oversold technical conditions after a prolonged downtrend. Broader selling in the stock has been linked to weaker earnings sentiment and extended regulatory import norms impacting domestic electronics demand.

Other names in the oversold basket include SKF India, a supplier of bearings and engineering solutions reliant on manufacturing and automotive demand, Kajaria Ceramics, PCBL Chemical and Whirlpool of India, all showing RSI readings suggesting recent price weakness. These conditions don’t guarantee immediate price rises, but they highlight areas where short-term technical exhaustion may offer rebound potential if market sentiment improves.

Note: RSI is a technical tool, not a standalone buy/sell signal, and oversold readings can persist in strong downtrends; investors should combine RSI insights with fundamentals and broader market context.