Screener › Phase 5: Technical & Trend Following (The 'Mid-Day' Move) › RSI Overbought Pullback (70+ to 45-75)

RSI Overbought Pullback (70+ to 45-75)

Technical Screeners
← Back to Screeners
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 ← 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 Ɨ 2 AND body > 0\n\nSTEP 6: Signal Generation\nIF was_overbought AND in_pullback_zone AND trend_intact AND is_hammer:\n → OVERBOUGHT_PULLBACK_SIGNAL!\n\nRSI PULLBACK STAGES:\nā”Œā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”\n│ RSI > 70 → OVERBOUGHT (Overextended, avoid buying) │\n│ RSI 45-75 → PULLBACK ZONE (Entry opportunity) ← SIGNAL │\n│ RSI < 45 → TREND WEAKENING (Avoid, trend may be failing) │\nā””ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”€ā”˜\n\n[CHANGED: Overbought threshold relaxed from 80 to 70, pullback zone expanded from 50-70 to 45-75]
šŸ“ˆ 3 Stocks Found
šŸ•’ OHLC Last Updated: No data yet
šŸ“Š Screener Type: Technical Screeners
⚔ Results From: 2026-07-22 14:18:50
šŸ“ˆ Stocks Found: 3
šŸ’” Results are updated automatically by cron job.
Debug: Found 3 results. First result signal_time: 14:15
entries
Symbol Current Price (₹) Change % Volume Occurrence Key Metrics Signal Time Detected At
TATASTEEL ₹186.30 -0.34% 60497 New
Current RSI: 54.95
Max RSI Recent: 70.43
Pullback Depth: 21.98
Dip Quality: HEALTHY_PULLBACK
Is Hammer: āœ“
Candle Time: 14:15
šŸ• 14:15
2026-07-22 14:18:50
JINDALSAW ₹266.75 2.38% 16395 New
Current RSI: 61.74
Max RSI Recent: 77.31
Pullback Depth: 20.15
Dip Quality: HEALTHY_PULLBACK
Is Hammer: āœ“
Candle Time: 14:15
šŸ• 14:15
2026-07-22 14:18:50
POWERGRID ₹288.95 1.10% 54120 New
Current RSI: 65.71
Max RSI Recent: 72.70
Pullback Depth: 9.61
Dip Quality: HEALTHY_PULLBACK
Is Hammer: āœ“
Candle Time: 14:10
šŸ• 14:10
2026-07-22 14:14:18