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Indian stock market · indicator signal

RSI overbought drop on Infosys

On Infosys the rsi overbought drop showed up 69 times. The target came first 45% of the time, the stop 46%, and 9% went nowhere within 12 candles.

Counted on Infosys: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily2843%50%7%
Hourly4146%44%10%

Infosys against the rest

ChartsFoundTarget firstStop firstWent nowhere
Infosys6945%46%9%
All Indian stock market charts6,16935%59%6%
Every market36,01434%58%8%

Year by year

YearFoundTarget firstStop first
2018333%67%
2019450%50%
2020812%62%
2021667%33%
2023333%67%
2024771%14%
20252635%58%
20261173%18%

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 Infosys

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · Gap up · Gap down · MACD bearish cross · Volume profile rejection · Volume profile bounce · all of them

The rsi overbought drop elsewhere

Sensex · Nifty 50 · Bank Nifty · Bharti Airtel · 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 overbought drop work on Infosys?

In 69 cases on Infosys, the target (1.5 × ATR) came before the stop (1 × ATR) 45% of the time and the stop came first 46%; 9% went nowhere within 12 candles.

What is the rsi overbought drop?

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