RSI Overbought Exhaustion
RSI slips back under 70 from an overbought extreme on the last completed candle — momentum exhaustion short setup.
About This Scan
RSI Overbought Exhaustion is a prebuilt Bearish scan for short-side and exit discipline. RSI slips back under 70 from an overbought extreme on the last completed candle — momentum exhaustion short setup. Every filter below is editable — load the scan into the screener, tune it to your risk appetite, and run it on live candles across 5m, 15m, 1h and daily timeframes.
Scan Rules
Stock passes all of the below filters in the ALL segment using 1D candles:
- 1.1 candle ago RSI less than 70
- 2.2 candles ago RSI greater than 70
- 3.1 candle ago Close less than 1 candle ago Open
Last Session Sample
As of 2026-11-06, 10 stocks passed every rule. The 5 below are the strongest movers on the list.
| Symbol | Close | Change vs previous close |
|---|---|---|
| WELSPUNLIV | 241.3 | -4.75% |
| SMSPHARMA | 498.55 | -3.51% |
| BHARTIHEXA | 1664.4 | -2.01% |
| ALIVUS | 1480.6 | -1.11% |
| NH | 1903 | -0.65% |
Sign in to see the full list, the sector breakdown, a clickable history of every day and extra columns. Past matches are not a forecast.
How To Use This Scan
- •Confirm the primary trigger before acting: 1 candle ago RSI less than 70.
- •Size positions to the chart's stop distance, not to conviction.
- •Re-run the scan near the close for stable daily readings.
Frequently Asked Questions
What is the RSI Overbought Exhaustion scan?
RSI slips back under 70 from an overbought extreme on the last completed candle — momentum exhaustion short setup. It passes all of 3 filters on 1D candles across the NSE universe.
Can I modify this scan?
Yes — clicking Run Scan loads every rule into the custom screener where you can tune values, change timeframes, add filters, save your version, and export results to CSV.