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Indian stock market · indicator signal
RSI overbought drop on Sun Pharma
On Sun Pharma the rsi overbought drop showed up 82 times. The target came first 29% of the time, the stop 60%, and 11% went nowhere within 12 candles.
Counted on Sun Pharma: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 37 | 24% | 59% | 16% |
| Hourly | 45 | 33% | 60% | 7% |
Sun Pharma against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Sun Pharma | 82 | 29% | 60% | 11% |
| 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 | 3 | 33% | 67% |
| 2018 | 4 | 25% | 50% |
| 2021 | 5 | 60% | 20% |
| 2022 | 8 | 25% | 50% |
| 2023 | 5 | 0% | 80% |
| 2024 | 7 | 0% | 100% |
| 2025 | 29 | 38% | 62% |
| 2026 | 18 | 33% | 50% |
The last 8 times
- 31 Jul 2026 · daily · target first after 1 candle
- 30 Jul 2026, 12:15 IST · hourly · stop first after 6 candles
- 10 Jul 2026 · daily · stop first after 11 candles
- 7 Jul 2026 · daily · stop first after 2 candles
- 3 Jul 2026, 11:15 IST · hourly · stop first after 12 candles
- 23 Jun 2026, 12:15 IST · hourly · went nowhere
- 19 Jun 2026, 10:15 IST · hourly · stop first after 1 candle
- 19 May 2026, 10:15 IST · hourly · target first after 4 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 Sun Pharma
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · Volume profile rejection · Volume profile bounce · 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 Sun Pharma?
In 82 cases on Sun Pharma, the target (1.5 × ATR) came before the stop (1 × ATR) 29% of the time and the stop came first 60%; 11% went nowhere within 12 candles.
What is the rsi overbought drop?
RSI rose above 70, then fell back below it. Buying may be tiring.