Pullback in an uptrend
RSI under 40 in a stock still above its 200-day average.
Buying dips only works when there is something to dip from. The two conditions divide that labour: the 200-day says the long trend is up, the RSI says the short term is washed out. Stocks above their 200-day rarely push RSI this low, so on most days the list is short. That is the point. A short list of quality names on sale beats a long list of falling ones. Read the guide: Stock screening in India: a complete guide → Read the guide: RSI screener guide for NSE stocks →
More momentum:Stacked moving averagesOne-year leadersStrong but not overboughtTen sessions above the 20-dayVolume building
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