Markets19 February 20264 min read

RSI Strategy: Does Overbought/Oversold Actually Work?

Everyone knows RSI above 70 means overbought. But does trading on that signal actually make money?

RSI is one of the most popular technical indicators.

The textbook says buy below 30, sell above 70.

My backtest on Nifty 50 shows it works in sideways markets but fails spectacularly in trends.

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