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Indian stock market · indicator signal

RSI oversold bounce on Adani Green Energy

On Adani Green Energy the rsi oversold bounce showed up 61 times. The target came first 38% of the time, the stop 56%, and 7% went nowhere within 12 candles.

Counted on Adani Green Energy: daily candles from June 2018 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily771%29%0%
Hourly5433%59%7%

Adani Green Energy against the rest

ChartsFoundTarget firstStop firstWent nowhere
Adani Green Energy6138%56%7%
All Indian stock market charts4,90840%53%6%
Every market32,72634%55%11%

Year by year

YearFoundTarget firstStop first
2024956%44%
20253834%63%
20261233%42%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the rsi oversold bounce is

RSI fell below 30, then climbed back above it. Selling may be tiring.

Stretch a rubber band far and it wants to snap back. RSI is a gauge from 0 to 100 that shows how hard price has been pushed up or down lately. Below 30 means price was pushed down very hard, and climbing back above 30 hints the selling may be tiring.

The full rsi oversold bounce lesson, video and quiz ›

Other patterns on Adani Green Energy

Inside bar · Stochastic bullish cross · Spinning top · Stochastic bearish cross · Doji · Volume profile rejection · MACD bullish cross · Gap up · EMA 9/21 bearish cross · MACD bearish cross · all of them

The rsi oversold bounce elsewhere

Sensex · Nifty 50 · Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the rsi oversold bounce work on Adani Green Energy?

In 61 cases on Adani Green Energy, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 56%; 7% went nowhere within 12 candles.

What is the rsi oversold bounce?

RSI fell below 30, then climbed back above it. Selling may be tiring.