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RSI > 40 for 20 Ticks, Bullish Range Scanner



RSI Above 40 for 20 Ticks, Bullish Range Scanner


How to Use the Minimum RSI Range Scanner

When the RSI stays above 40 for an extended period, it is a strong indication that the stock is in an established uptrend.

Use the Charts in the Screener results to visualize and understand this concept. Once you are familiar with the pattern, you can use the Minimum RSI Range Scanner to quickly identify uptrending stocks instead of analyzing charts one by one.

You can further customize this scanner by selecting higher RSI levels, such as RSI > 45 or RSI > 50, along with your preferred RSI period. Higher RSI levels maintained over a longer duration generally indicate stronger bullish momentum.

Risk Management

  • Entry: Consider entering when the RSI bounces from the 40 level, indicating renewed bullish strength.
  • Stop-loss: Exit the trade if the RSI falls below 35, as it may signal weakening momentum.
  • Profit Target: Consider booking profits when the RSI moves above 70, indicating strong momentum and a potentially overextended move.

Best Used For

  • Identifying stocks with sustained bullish momentum.
  • Finding uptrending stocks using RSI support above the 40 level.
  • Ideal for swing trading, with holding periods ranging from a few days to a few weeks.
  • Suitable for Intraday, Daily, Weekly, and Monthly timeframes.
  • Works best in trending markets by helping traders stay with strong momentum while avoiding weaker setups.

TSR Scanner Features

  • Real-Time Alerts: Receive instant notifications via WhatsApp or Email when scanner conditions are met.
  • Fine-Tune Filter: Improve results by combining RSI with technical and fundamental filters.
  • Custom Tracking: Scan stocks from your watchlist or selected stock baskets.
  • Backtesting Capabilities: Test the strategy using historical market data.
  • Flexible Timeframes: Apply the scanner from 1, 2, 3, 5, 10.....minute up to Monthly charts.
  • Auto Refresh: Continuously updates scanner results with the latest market data.
  • Custom Columns: Add your preferred technical and fundamental fields to customize the scanner results.

Fine Tune : You can customise these screeners by clicking on 'Fine Tune Filter' Option

Caution : All these screeners are crafted based on some historical scenarios which may / may notbe applicable here. We recommend to fine tune them according to current market conditions or seek expert advise before taking any decision.
Concept & Strategies of RSI Explained