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Indian stock market · indicator signal

RSI oversold bounce on Bank of Baroda

On Bank of Baroda the rsi oversold bounce showed up 60 times. The target came first 50% of the time, the stop 40%, and 10% 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
Daily2548%44%8%
Hourly3551%37%11%

Bank of Baroda against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bank of Baroda6050%40%10%
All Indian stock market charts4,90840%53%6%
Every market32,72634%55%11%

Year by year

YearFoundTarget firstStop first
2016450%50%
201730%33%
2018475%25%
2019540%60%
2020475%25%
2024367%33%
20251937%42%
20261567%33%

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 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 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 Bank of Baroda?

In 60 cases on Bank of Baroda, the target (1.5 × ATR) came before the stop (1 × ATR) 50% of the time and the stop came first 40%; 10% went nowhere within 12 candles.

What is the rsi oversold bounce?

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