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RSI < 60 for 20 Ticks Scanner , Bearish Range Scanner
| Code | Price | Chart | |||||
|---|---|---|---|---|---|---|---|
| 3MINDIA | 32805.0 | ||||||
| AADHARHFC | 476.0 | ||||||
| AAVAS | 1258.7 | ||||||
| ABBOTINDIA | 26045.0 | ||||||
| ACC | 1266.6 | ||||||
| ACUTAAS | 3147.5 | ||||||
| ADANIENSOL | 1396.6 | ||||||
| ADANIGREEN | 1296.0 | ||||||
| ADANIPORTS | 1672.7 | ||||||
| ADANIPOWER | 207.7 | ||||||
| ATGL | 614.95 | ||||||
| ABLBL | 82.78 | ||||||
| ABSLAMC | 1022.0 | ||||||
| AEGISVOPAK | 286.3 | ||||||
| AFCONS | 285.1 | ||||||
| AIAENG | 4180.0 | ||||||
| ALKEM | 5210.0 | ||||||
| ABDL | 604.05 | ||||||
| AMBUJACEM | 402.7 | ||||||
| ANGELONE | 279.25 |
RSI < 60 for 20 Ticks Scanner , Bearish Range Scanner
How to Use the Maximum RSI Range Scanner
When the RSI stays below 60 for an extended period, it is a strong indication that the stock lacks bullish momentum and may be trading in a weak or downtrending market.
Use the Charts in the Screener results above to visualize and understand this concept. Once you are familiar with the pattern, you can use the Maximum RSI Range Scanner to quickly identify weak or downtrending stocks instead of analyzing charts one by one.
You can further customize this scanner by selecting lower RSI levels, such as RSI < 55 or RSI < 50, along with your preferred RSI period. Lower RSI levels maintained over a longer duration generally indicate stronger bearish momentum.
Risk Management
- Entry: Consider entering when the RSI turns down from the 60 level, indicating renewed bearish momentum.
- Stop-loss: Exit the trade if the RSI rises above 65, as it may signal strengthening bullish momentum.
- Profit Target: Consider booking profits when the RSI falls below 30, which often indicates strong bearish momentum and a potentially oversold condition.
Best Used For
- Identifying stocks with sustained bearish momentum.
- Finding weak or downtrending stocks using RSI resistance below the 60 level.
- Ideal for swing trading and short-selling opportunities where permitted.
- Suitable for Intraday, Daily, Weekly, and Monthly timeframes.
- Works best in bearish or weak trending markets by helping traders avoid weak bullish 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 intervals 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.