An RSI(14) reading above 70 marks a stock as "overbought" — buyers have been in firm control and the advance may be running ahead of itself. This scan surfaces NSE stocks whose 14-day RSI has pushed above 70 today.
Momentum traders treat a high RSI as confirmation of strength, not an automatic sell; profit-takers and swing traders watch for RSI rolling back below 70 as an early sign the up-move is cooling.
Strong stocks can stay overbought for a long time — an RSI above 70 during a powerful trend is normal, not a reversal. Shorting purely because RSI is high is a common and expensive mistake.
This is a Momentum 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.
Not automatically. In strong uptrends stocks routinely trade with RSI above 70 for extended periods. Overbought is better used as a caution flag or a signal to tighten stops than as a standalone sell.
There is no fixed number, but many swing traders start trimming when RSI is above 70 and then crosses back below it, which suggests momentum is fading.
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