RSI oversold turning up
RSI back above 30 within the last three sessions, in a stock still holding its 200-day average.
RSI can sit under 30 for weeks in a genuine downtrend, so buying the reading on its own is how you catch a falling knife. Waiting for the cross back up at least asks for evidence that the selling stopped. The 200-day filter restricts the list to stocks pulling back inside an uptrend. A stock unwinding below its 200-day never appears. Read the guide: RSI divergence screener for NSE stocks → Read the guide: Translating Chartink formulas to Sift →
More reversals:RSI overboughtGolden crossDeath crossMACD bullish crossoverMACD bearish crossover
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