For the RSI-based strategy, we used the default parameters: a 14-period RSI with oversold and overbought thresholds set at 30 and 70, respectively.

Strategies like the Relative Strength Index (RSI) attempt to use historical price data to predict future movements. But does it work? What Is the Relative Strength Index (RSI)?

Benzinga compares scalping with other strategies like day trading and covers the best scalping strategies and indicators for forex traders.

This pattern indicates a recovery in market. Nifty RSI indicator is at 56 . Nifty chart trading view, support, resistance levels by experts - check here.

Bollinger Bands aid investors by indicating market volatility using standard deviations around a 20-day moving average, helping identify overbought and oversold signals.