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Overbought in Downtrend

 
India

In a downtrend, rallies are selling opportunities. Short sellers wait for a weak stock to bounce into overbought territory below a falling 200-day average before entering. This screen lists stocks on the Bombay Stock Exchange whose 14-day RSI is above 65 while the price is below a falling 200-day moving average, most overbought first. Prices are in Indian rupees, and the list covers BSE-listed stocks with at least 50 million rupees in average daily trading value.

Screening formula:
exch(bse) and type(stock) and advol(21) > 50 and rsi(14) > 65 and price < sma(200) and sma(200) < sma(200)@21 and sortby(rsi(14), desc) and show(rsi(14) as rsi)
 
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Charts    
   Symbol   Name   Industry   Sector   Exchange   Cap  Cap, mln  Last  Change  Change, %  Volume  Rsi
 TATAELXSI.BO 
Tata Elxsi Ltd
Software - Application
Technology
BSE
Large
 230,183  3,770.70  75.7 2.05 16,807  73.48
 ZENSARTECH.BO 
Zensar Technologies Ltd
Information Technology Services
Technology
BSE
Mid
 102,593  510.35  7.05 1.4 98,208  72.20
 WIPRO.BO 
Wipro Ltd
Information Technology Services
Technology
BSE
Mega
 1,718,490  181.40  7.7 4.43 1,126,376  70.36
 INFY.BO 
Infosys Ltd
Information Technology Services
Technology
BSE
Mega
 4,224,872  1,151.50  40.5 3.65 834,022  69.07
 GODIGIT.BO 
Go Digit General Insurance Ltd
Insurance - Property & Casualty
Financial Services
BSE
Large
 256,225  283.50  0 0 10,992  67.15
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Data as of Oct 16, 2026, 7:37 PM IST



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