About This Strategy
This strategy looks for extreme RSI values (below 30 or above 70) that often precede reversals. When RSI returns to normal levels, it can signal strong directional moves.
Video Explanation
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How It Works
1
Wait for RSI to reach extreme levels (>70 or <30)
2
Look for divergences between price and RSI
3
Monitor for RSI returning to neutral zone
4
Enter on confirmed reversal patterns
Advantages
- Early reversal identification
- Works well with divergences
- Good risk/reward ratios
- Clear stop-loss levels
Disadvantages
- Divergences can be subjective
- Whipsaws in volatile markets
- Needs practice to identify correctly
- Market can reverse slowly
Current Scan Results
Stocks matching this strategy (4 results)
| Symbol | Current Price | Breakout Level | Signal | RSI |
|---|---|---|---|---|
| ASIC | Rs. 152.10 | RSI Divergence Down | -5.5% | |
| BCL | Rs. 459.30 | RSI Divergence Up | +3.2% | |
| BERG | Rs. 120.80 | RSI Divergence Down | -4.1% | |
| BIFO | Rs. 78.50 | RSI Oversold | -6.2% |
💡 Note: These are educational results for demonstration. Always conduct your own research before trading.