Vishal Malkan sir recommended buying stocks of Monthly RSI greater than 60; Weekly RSI greater than 60; Daily RSI greater than 40.
Normally this setting for RSI – 14 period
1Quaterly > 60, 1monthly>60, 1weekly around 40 – 5 candles of weeks
1month >60, 1weekly > 60, 1daily around 40 – 5 candles of days
1weekly > 60, daily > 60, 1 hourly around 40 – 5 candles of hours
1daily > 60, 1 hourly >60, fifteen minutes around 40 – 5 candles of fifteen min candles
Similarly, Vishal Malkan recommended selling stocks that are trading below 40 RSI on monthly and weekly time frame and trading near 60 on daily time frame on Samco Securities show – The Right Choices with Oracles of Dalal Street.
This screener will help you build a watch list of stocks which are trading below 40 RSI on monthly and weekly. Simply click ‘enable filter’ to find stocks which are crossing below 60 RSI on daily timeframe.
https://chartink.com/screener/vishal-malkan-grandfather-father-son-strategy-bearish-scan
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