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Indian stock market · indicator signal

RSI overbought drop on Bank of Baroda

On Bank of Baroda the rsi overbought drop showed up 86 times. The target came first 31% of the time, the stop 65%, and 3% went nowhere within 12 candles.

Counted on Bank of Baroda: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily3928%67%5%
Hourly4734%64%2%

Bank of Baroda against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bank of Baroda8631%65%3%
All Indian stock market charts6,16935%59%6%
Every market36,01434%58%8%

Year by year

YearFoundTarget firstStop first
201730%67%
2019540%60%
2021838%62%
2022933%67%
2023540%60%
20253829%68%
20261533%67%

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 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 Bank of Baroda

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · Volume profile rejection · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish 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 Bank of Baroda?

In 86 cases on Bank of Baroda, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 65%; 3% went nowhere within 12 candles.

What is the rsi overbought drop?

RSI rose above 70, then fell back below it. Buying may be tiring.