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Indian stock market · indicator signal
RSI overbought drop on Bajaj Finserv
On Bajaj Finserv the rsi overbought drop showed up 108 times. The target came first 23% of the time, the stop 70%, and 6% went nowhere within 12 candles.
Counted on Bajaj Finserv: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 70 | 19% | 77% | 4% |
| Hourly | 38 | 32% | 58% | 11% |
Bajaj Finserv against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Bajaj Finserv | 108 | 23% | 70% | 6% |
| All Indian stock market charts | 6,169 | 35% | 59% | 6% |
| Every market | 36,014 | 34% | 58% | 8% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2016 | 7 | 43% | 43% |
| 2017 | 9 | 0% | 100% |
| 2018 | 5 | 20% | 80% |
| 2019 | 11 | 18% | 82% |
| 2020 | 3 | 0% | 100% |
| 2021 | 12 | 8% | 83% |
| 2022 | 5 | 20% | 80% |
| 2023 | 9 | 22% | 78% |
| 2024 | 5 | 40% | 60% |
| 2025 | 31 | 29% | 65% |
| 2026 | 11 | 36% | 36% |
The last 8 times
- 7 Aug 2026 · daily · went nowhere
- 28 Jul 2026, 14:15 IST · hourly · stop first after 2 candles
- 6 Jul 2026, 09:15 IST · hourly · stop first after 12 candles
- 17 Jun 2026, 09:15 IST · hourly · target first after 2 candles
- 26 May 2026, 09:15 IST · hourly · went nowhere
- 16 Apr 2026, 10:15 IST · hourly · target first after 2 candles
- 9 Apr 2026, 12:15 IST · hourly · stop first after 4 candles
- 9 Apr 2026, 09:15 IST · hourly · stop first after 7 candles
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 overbought drop is
RSI rose above 70, then fell back below it. Buying may be tiring.
Run up a hill as fast as you can and soon you need a breather. RSI is a gauge from 0 to 100 that shows how hard price has been pushed lately. Above 70 means price was pushed up very hard, and dropping back below 70 hints the buyers may be tiring.
The full rsi overbought drop lesson, video and quiz ›
Other patterns on Bajaj Finserv
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile rejection · MACD bearish cross · Doji · Volume profile bounce · MACD bullish cross · EMA 9/21 bullish cross · all of them
The rsi overbought drop 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 overbought drop work on Bajaj Finserv?
In 108 cases on Bajaj Finserv, the target (1.5 × ATR) came before the stop (1 × ATR) 23% of the time and the stop came first 70%; 6% went nowhere within 12 candles.
What is the rsi overbought drop?
RSI rose above 70, then fell back below it. Buying may be tiring.