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Oversold Bounce

Mean-reversion strategy that buys stocks with RSI below 35 (oversold territory). Picks the top 15 by market cap from the filtered universe. Weekly rebalancing.

About this strategy

Mean-reversion strategy that buys stocks with RSI below 35 (oversold territory). Picks the top 15 by market cap from the filtered universe. Weekly rebalancing.

RSImean reversionoversold
Universe
NSE Stocks XNSE
Rebalance Details
Weekly (Every Friday) Equal Weighted

Strategy Rules

Filter

RSI Oversold Filter

Filters the universe based on a condition:

@RSI(close, 14) < 35
Rank

Top 15 by Market Cap

Selects the top 15 securities ranked by market_cap.