RSI 40–60 Scanner | Find Stocks in Tight Consolidation Range
| Code | Price | Chart | |||||
|---|---|---|---|---|---|---|---|
| AEGISVOPAK | 286.3 | ||||||
| ABDL | 604.05 | ||||||
| APOLLO | 382.65 | ||||||
| ASTRAMICRO | 1641.8 | ||||||
| BANKINDIA | 143.1 | ||||||
| BLUEJET | 580.35 | ||||||
| CAMPUS | 220.87 | ||||||
| CGPOWER | 877.75 | ||||||
| EMMVEE | 324.7 | ||||||
| EQUITASBNK | 73.45 | ||||||
| FSL | 270.4 | ||||||
| GAIL | 173.0 | ||||||
| GHCL | 435.1 | ||||||
| GODREJPROP | 1970.7 | ||||||
| GRANULES | 831.75 | ||||||
| GRINDWELL | 1999.0 | ||||||
| GSFC | 159.95 | ||||||
| HEXT | 546.0 | ||||||
| HOMEFIRST | 1192.0 | ||||||
| ICICIPRULI | 499.5 |
RSI Range Scanner
TSR RSI Range Scanner helps you identify the current market trend by finding stocks whose Relative Strength Index (RSI) remains within a specific range over a period of time. Different RSI ranges often indicate different market conditions.
Common RSI Ranges
- Bullish / Uptrend: RSI typically stays between 40 and 80.
- Strong Uptrend: RSI remains between 60 and 80, indicating strong buying momentum.
- Bearish / Downtrend: RSI generally fluctuates between 20 and 60.
- Strong Downtrend: RSI stays between 20 and 40, indicating persistent selling pressure.
- Sideways / Consolidation: RSI oscillates between 40 and 60, suggesting a range-bound market.
How This Scanner Helps
Instead of manually checking hundreds of charts, the TSR RSI Range Scanner automatically finds stocks trading within your selected RSI range, helping you quickly identify stocks that match your trading strategy.
The scanner also integrates data with chart visualization, making analysis easier. Simply click the Charts in the Screener results to validate the RSI behavior on the price chart.
Default Scanner Settings
The default scan uses:
- RSI > 40
- RSI < 60
This range is useful for identifying stocks trading in a consolidation zone for the last 20 ticks.
Customize Your Scan
- You can easily modify the RSI range using Custom Filters.
- For example, you can scan for:
- RSI between 40 and 80 (Bullish Range)
- RSI between 60 and 80 (Strong Uptrend)
- RSI between 20 and 40 (Strong Downtrend)
- Any custom RSI range that suits your trading strategy.
- Time period when RSI is in one of the zones.
- The scanner supports all time frames, from 1-minute charts to Monthly charts, making it suitable for Intraday, Swing, and Positional trading.
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.