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Indian stock market · indicator signal
RSI oversold bounce on Bank Nifty
On Bank Nifty the rsi oversold bounce showed up 69 times. The target came first 36% of the time, the stop 55%, and 9% went nowhere within 12 candles.
Counted on Bank Nifty: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 14 | 36% | 50% | 14% |
| Hourly | 55 | 36% | 56% | 7% |
Bank Nifty against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Bank Nifty | 69 | 36% | 55% | 9% |
| All Indian stock market charts | 4,908 | 40% | 53% | 6% |
| Every market | 32,726 | 34% | 55% | 11% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2019 | 4 | 0% | 100% |
| 2020 | 4 | 25% | 25% |
| 2022 | 3 | 100% | 0% |
| 2024 | 4 | 25% | 50% |
| 2025 | 28 | 50% | 43% |
| 2026 | 24 | 25% | 71% |
The last 8 times
- 10 Sep 2026, 09:15 IST · hourly · stop first after 7 candles
- 9 Sep 2026, 12:15 IST · hourly · stop first after 2 candles
- 9 Sep 2026, 10:15 IST · hourly · stop first after 2 candles
- 24 Jul 2026, 11:15 IST · hourly · target first after 1 candle
- 22 Jul 2026, 14:15 IST · hourly · stop first after 2 candles
- 9 Jul 2026, 09:15 IST · hourly · target first after 7 candles
- 2 Jun 2026, 12:15 IST · hourly · stop first after 4 candles
- 1 Jun 2026, 14:15 IST · hourly · stop first after 2 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 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 Bank Nifty
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Gap up · Gap down · MACD bearish cross · Doji · MACD bullish cross · EMA 9/21 bullish cross · all of them
The rsi oversold bounce elsewhere
Sensex · Nifty 50 · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Shriram Finance · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver
Questions
How often does the rsi oversold bounce work on Bank Nifty?
In 69 cases on Bank Nifty, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 55%; 9% went nowhere within 12 candles.
What is the rsi oversold bounce?
RSI fell below 30, then climbed back above it. Selling may be tiring.