Near a five-year low
Within 5% of the lowest low in five years with RSI under 35. The most abandoned names on the exchange, for a reversal hunt.
The mirror of the five-year high. A very different list. These are stocks the market has given up on for half a decade, with momentum still exhausted, and most of them deserve it, which is why the scan runs on the wider universe and pairs the level with RSI instead of trusting proximity alone. It is a place to start a reversal search: check the dividend record, the promoter change, whether the sector is turning. I keep it on a shortlist and ignore it most weeks.
More reversals:RSI oversold turning upRSI overboughtGolden crossDeath crossMACD bullish crossover
Price and delivery data from the eod2 dataset: National Stock Exchange of India end-of-day files, split- and bonus-adjusted, updated after each close. Not affiliated with or endorsed by NSE. PatternsRadar is a research tool. Nothing here is investment advice or a recommendation to buy or sell anything.