RSI Bearish Range Shift Scanner | Find Strong downtrend Stocks
| Code | Price | Chart | |||||
|---|---|---|---|---|---|---|---|
| AADHARHFC | 476.0 | ||||||
| AAVAS | 1258.7 | ||||||
| ADANIENSOL | 1396.6 | ||||||
| ADANIGREEN | 1296.0 | ||||||
| ATGL | 614.95 | ||||||
| ABLBL | 82.78 | ||||||
| AFCONS | 285.1 | ||||||
| AHLUCONT | 602.2 | ||||||
| ALOKINDS | 7.73 | ||||||
| AURIONPRO | 693.0 | ||||||
| AVANTIFEED | 801.2 | ||||||
| BANDHANBNK | 161.52 | ||||||
| BIKAJI | 590.2 | ||||||
| BORORENEW | 495.75 | ||||||
| FIRSTCRY | 170.82 | ||||||
| CCL | 1090.0 | ||||||
| CEMPRO | 1235.8 | ||||||
| CHAMBLFERT | 411.45 | ||||||
| CIEINDIA | 385.0 | ||||||
| COALINDIA | 417.85 |
TSR RSI Bearish Range Shift Scanner
What is RSI Bearish Range Shift?
Bearish Range Shift occurs when the Relative Strength Index (RSI) moves from a bullish range into a bearish range and starts holding below key resistance levels, typically RSI < 60. On pullbacks, the RSI faces resistance near the 50–60 zone and then resumes its downward move. This behavior indicates that sellers are in control and the stock is likely to remain in a downtrend.
TSR Bearish RSI Range Shift scanner readily identifies such stocks, and you can view the results in both graphical and data views.
Use the Charts in the Screener results to observe how the RSI behaves during strong downtrends. You'll notice that the RSI repeatedly gets rejected from the 50–60 zone before moving lower.
Note that RSI Range Shift Scanner parameters, like RSI Level can be customised in this scanner.
Trading Strategy
- Entry: Consider entering a short trade when the RSI gets rejected from the 55-60 level, confirming that bearish momentum is intact.
- Stop-loss: Exit the trade if the RSI rises above 65, as this may indicate that the bearish range has failed.
- Profit Target: Consider booking profits when the RSI falls below 30-25, or trail your stop-loss to ride a strong downtrend.
How to Use This Scanner
- TSR Bearish RSI Range Shift scanner identifies stocks where the RSI has shifted into a bearish range, helping you find stocks with weakening momentum before the next downward move.
- You can further customize the scanner by changing the RSI levels or the RSI period to match your trading style.
- Aggressive Traders may use a lower RSI level of < 50 and a target of 20.
- Conservative traders may use RSI < 65 with a target of 35-30 and a stop-loss of 70.
- Use Weekly Tick for positional trading.
Best Used For
- Identifying stocks entering a strong bearish momentum phase.
- Finding downtrending stocks after a bearish RSI range shift.
- Ideal for swing trading and positional trading.
- Can be applied on Intraday, Daily, Weekly, and Monthly charts.
- Works best in trending markets where bearish momentum remains strong.
- Avoid in Sideways Market.
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.
- 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.... Min to Monthly charts.
- Auto Refresh: Continuously updates results with the latest market data.
- Custom Columns: Add 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.