Learn: common technical signals, tested on Indian stocks

Ten conditions investors watch, what each one measures, how it is calculated, and what actually happened next across the 500 most traded NSE stocks. The figures update every month.

• RSI above 70An RSI above 70 means a stock has risen on most of its recent days. It is usually called “overbought”. The figures below show what actually followed in Indian stocks.
• RSI below 30An RSI below 30 means a stock has fallen on most of its recent days. It is usually called “oversold”, but that describes the recent past, not a bargain.
• When a stock trades far above its 200-day averageA price well above its 200-day average means a stock has risen fast compared with its own last ten months. Here, “far above” means more than 30% above.
• When a stock falls below its 200-day averageA close below the 200-day average is often read as the end of an uptrend. The figures below show what followed the first close below it in Indian stocks.
• The golden cross, explainedA golden cross is the day a stock’s 50-day average rises above its 200-day average. It is a well-known bullish sign. The figures below show what actually followed in Indian stocks.
• The death cross, explainedA death cross is the day a stock’s 50-day average falls below its 200-day average. The name is dramatic. The figures below show what actually followed in Indian stocks.
• Closing above the upper Bollinger bandA close above the upper Bollinger band means today’s price is unusually high compared with the last 20 days. It happens often. The figures below show what followed in Indian stocks.
• Buying at a 52-week highA 52-week high is the highest price in the last year. Many investors avoid buying there. The figures below show what followed new highs in Indian stocks.
• Buying at a 52-week lowA 52-week low is the lowest price in the last year. It can look like a bargain. The figures below show what followed new lows in Indian stocks.
• What a volume spike tells youA volume spike is a day when far more shares change hands than usual. Here it means at least three times the average of the previous 20 days.

For the idea behind Sensifty itself, measuring each stock against its own history, see What it is and the Track record.