RSI Overbought Pullback (70+ to 45-75)
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Bullish: RSI Overbought Pullback - Healthy Dip in Strong Uptrend\n\nSTRATEGY DESCRIPTION:\nDetects when RSI was above 70 (overbought) and has now pulled back into the 45-75 zone while price maintains bullish structure. This indicates a healthy pullback within an ongoing uptrend, offering dip-buying opportunities.\n\nCORE LOGIC (Step by Step):\n\nSTEP 1: Calculate RSI (14-period)\nRSI = 100 - (100 / (1 + RS))\n\nRSI Interpretation:\n- 0-30: Oversold (extreme weakness)\n- 30-40: Weak / Bearish\n- 40-45: Neutral\n- 45-75: Bullish momentum zone ā PULLBACK ZONE (Entry opportunity)\n- 75-80: Strong bullish (overbought)\n- 80-100: Extremely overbought (overextended)\n\nSTEP 2: Check Previous Overbought Condition\nwas_overbought = Any RSI value > 70 in previous 5-10 candles\n\nSTEP 3: Check Current Pullback Zone\nin_pullback_zone = 45 <= current_rsi <= 75\n\nSTEP 4: Confirm Trend Remains Bullish\ntrend_intact = current_price > 20 EMA\n\nSTEP 5: Detect Bullish Reversal Candle Pattern\nis_hammer = lower_wick > body Ć 2 AND body > 0\n\nSTEP 6: Signal Generation\nIF was_overbought AND in_pullback_zone AND trend_intact AND is_hammer:\n ā OVERBOUGHT_PULLBACK_SIGNAL!\n\nRSI PULLBACK STAGES:\nāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāā\nā RSI > 70 ā OVERBOUGHT (Overextended, avoid buying) ā\nā RSI 45-75 ā PULLBACK ZONE (Entry opportunity) ā SIGNAL ā\nā RSI < 45 ā TREND WEAKENING (Avoid, trend may be failing) ā\nāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāāā\n\n[CHANGED: Overbought threshold relaxed from 80 to 70, pullback zone expanded from 50-70 to 45-75]
ā” Results From: 2026-07-22 14:18:50
š Stocks Found: 3
š” Results are updated automatically by cron job.
Debug: Found 3 results.
First result signal_time: 14:15
entries
| Symbol | Current Price (ā¹) | Change % | Volume | Occurrence | Key Metrics | Signal Time | Detected At |
|---|---|---|---|---|---|---|---|
| TATASTEEL | ā¹186.30 | -0.34% | 60497 | New |
Current RSI:
54.95
Max RSI Recent:
70.43
Pullback Depth:
21.98
Dip Quality:
HEALTHY_PULLBACK
Is Hammer:
ā
Candle Time:
14:15
|
š 14:15
|
2026-07-22 14:18:50 |
| JINDALSAW | ā¹266.75 | 2.38% | 16395 | New |
Current RSI:
61.74
Max RSI Recent:
77.31
Pullback Depth:
20.15
Dip Quality:
HEALTHY_PULLBACK
Is Hammer:
ā
Candle Time:
14:15
|
š 14:15
|
2026-07-22 14:18:50 |
| POWERGRID | ā¹288.95 | 1.10% | 54120 | New |
Current RSI:
65.71
Max RSI Recent:
72.70
Pullback Depth:
9.61
Dip Quality:
HEALTHY_PULLBACK
Is Hammer:
ā
Candle Time:
14:10
|
š 14:10
|
2026-07-22 14:14:18 |