This scan combines two ideas into a higher-quality setup: it finds NSE stocks that are oversold (RSI below 35) yet still trading above their 200-day SMA. That means a strong, long-term uptrend is experiencing a short-term dip — a classic "buy the dip" condition.
Pullback traders use this to buy temporary weakness in structurally strong stocks, entering as RSI turns up and managing risk with a stop below the recent low.
Even strong stocks can break their uptrend. Confirm the 200 SMA is still rising and watch for the dip becoming a genuine trend change.
This is a Combinations scan. AlphaGrid computes it across 2,000+ NSE-listed stocks using end-of-day and intraday price data, refreshing through the trading session. Results are ranked and can be opened in the full screener, where you can add your own conditions and set alerts.
It looks for strong stocks in a temporary pullback. This scan requires the stock to be above its 200-day SMA (long-term uptrend) while oversold (RSI below 35) — a healthy dip, not a breakdown.
RSI alone flags oversold stocks including falling ones. Adding the 200 SMA filter keeps only stocks in a long-term uptrend, so you buy dips in strength rather than weakness.
AlphaGrid is a free stock screener for Indian markets. Build custom scans across 2,000+ NSE stocks with 30+ technical indicators — RSI, MACD, EMA, Supertrend, ADX, Bollinger Bands and more — backtest strategies, track portfolios, analyse option chains, and get real-time price alerts on Telegram. A free, modern alternative to Chartink and Screener.in.