RSI 60 Near 52-Week High
Strong momentum within 5% of the 52-week high — Chartink's famous combo for leadership continuation.
About This Scan
This is one of the most-followed momentum combos: RSI above 60 shows sustained strength, while sitting within 5% of the 52-week high proves the stock is leading, not lagging, the market. Breakouts from this pocket tend to be continuation moves rather than failed pumps, which is exactly why this screen is a Chartink community favourite.
Scan Rules
Stock passes all of the below filters in the ALL segment using 1D candles:
- 1.RSI greater than or equal to 60
- 2.Distance To 52w High % less than or equal to 5
- 3.Relative Volume greater than or equal to 1
How To Use This Scan
- •Buy breakouts to new 52-week highs from this list with volume confirmation, stop below the prior consolidation.
- •If the index is weak, wait for stocks from this scan to hold above their 20-day EMA before committing.
- •Best used on daily candles after 3 PM when the values stabilise.
Frequently Asked Questions
Why combine RSI 60 with the 52-week high?
RSI above 60 confirms momentum while the proximity to the 52-week high confirms market leadership. Together they filter out weak stocks and leave the strongest trend candidates.
How close to the 52-week high should a stock be?
Within 5% is the standard threshold — tight enough to guarantee leadership, loose enough to catch stocks coiling just before the breakout.