Over Sold Stocks, Really??

Below is a list of some, fundamentally strong, over sold stocks as indicated by RSI.

These stocks are trading well below their 200 DMA. Might be this is a chance to grab them when every one else is selling. Kindly conclude your own research before buying. 

Nitin Fire Protection Industries

Nitin Fire Protection is currently below its 50 Day Moving Average (DMA) by 14.93% and below its 100 DMA by 18.21% and below its 200 DMA by 13.22%

Patel Engineering Company

Patel Engg is currently below its 50 DMA by 11.53% and below its 100 DMA by 11.97% and below its 200 DMA by 15.70%

Reliance Industries 

Reliance is currently below its 50 DMA by 10.23% and below its 100 DMA by 10.98% and below its 200 DMA by 11.93%

So does this mean that we should buy these and other such stocks or do buying now is like catching falling knifes? 

Happy Investing!!!