How to Build a Simple Bubble Finder?

Was thinking yesterday about “is there is a more simplistic way, where we can list out the stocks with exponential rise in price aka bubbles.” Suddenly this simple thought process strikes my mind. It is a good old classical analysis idea using RSI(2) but on the yearly timeframe with RSI(2)>99.

The idea is relative strength index of 2 period over yearly timeframe indicates a possible exponential price formation in otherwords we can call it as extremely overbought and people are really crazy about such stocks and market participants are driving it madly high and higher year on year.

Here is the simple exploration code applied over NSE Cash scrips and found out over 136 scrips with RSI>99. By the way RSI(2) – Yearly for Nifty index is at 92.95.

Here is the list of stocks from the exploration scan. Make sure you are not holding it one from the pack 🙂

Ticker	Date/Time	Close	RSI2-Yearly
AARTIIND	42828	789.5	99.84
AEGISCHEM	42828	196.55	99.59
ALICON	42828	444.8	99.16
AMARAJABAT	42828	908.35	99.93
AMBIKCO	42828	1325.1	99.79
APLAPOLLO	42828	1202.55	99.6
ASAHISONG	42828	277.35	99.38
ASIANPAINT	42828	1089.85	99.82
ASIANTILES	42828	368.2	99.36
ATUL	42828	2367.05	99.87
BAJAJFINSV	42828	4098.25	99.45
BALAMINES	42828	377.8	99.71
BALKRISIND	42828	1410	99.96
BANARBEADS	42828	78.9	100
BEARDSELL	42828	440.15	99.59
BERGEPAINT	42828	248.3	99.87
BHARATRAS	42828	3017.8	99.85
BODALCHEM	42828	165.3	99.73
BROOKS	42828	138.95	99.63
CANFINHOME	42828	2324.3	99.95
CAPF	42828	769.1	100
CARBORUNIV	42828	291.05	99.73
CCL	42828	338.8	99.74
CEATLTD	42828	1335.3	99.62
CERA	42828	2920.7	99.99
CEREBRAINT	42828	39.75	100
CHEMFALKAL	42828	292.65	99.5
CNX AUTO	42828	9921.1	99.61
CNX Energy	42828	11819.4	99.44
CNX FMCG	42828	23639.6	100
CNX MNC	42828	11022.55	100
DABUR	42828	280.3	99.83
DALMIABHA	42828	1970.65	100
DALMIASUG	42828	178.55	99.35
DEEPIND	42828	327.8	99.34
DHFL	42828	372.8	100
DWARKESH	42828	459.5	99.25
EICHERMOT	42828	25543.65	100
EMMBI	42828	156.5	99.67
ESCORTS	42828	537.5	99.06
FILATEX	42828	121.6	99.21
FINPIPE	42828	590.2	99.61
FLFL	42828	272.4	99.82
GABRIEL	42828	125.2	99.03
GANDHITUBE	42828	335.5	99
GARWALLROP	42828	723.05	99.52
GHCL	42828	268.9	99.18
GODREJCP	42828	1695.9	99.99
GOLDINFRA	42828	79.05	99.33
GREENPLY	42828	283.1	99.66
GRUH	42828	399.3	99.96
GUJALKALI	42828	409.05	99.66
HARITASEAT	42828	697.35	99.16
HAVELLS	42828	468.8	99.91
HDFCBANK	42828	1433.2	99.53
HERITGFOOD	42828	1095.9	99.16
HIMATSEIDE	42828	342.5	99.51
HINDPETRO	42828	518.6	99.03
HITACHIHOM	42828	1820.65	99.68
IGARASHI	42828	806.15	99.24
IGPL	42828	379.6	99.45
INDTERRAIN	42828	168.6	99.43
INDUSINDBK	42828	1403.45	99.83
JBMA	42828	280.05	99.69
JSWHL	42828	1524.8	100
KAKATCEM	42828	330.95	99.22
KANSAINER	42828	374	99.88
KEI	42828	189.65	99.15
KOTAKBANK	42828	875.95	99.62
KRBL	42828	420.25	99.8
LANCOIN	42828	389.25	99.53
LUMAXIND	42828	1374.8	99.49
M100	42828	17.99	99.74
MARICO	42828	296.55	99.93
MARUTI	42828	6072	99.41
MINDAIND	42828	440.35	99.65
MORARJEE	42828	57.25	100
MOTILALOFS	42828	754	99.02
MRF	42828	60993.55	99.93
N100	42828	399.52	100
NATCOPHARM	42828	864.8	99.92
NAVINFLUOR	42828	3136.85	99.77
NEULANDLAB	42828	1498.2	99.85
NILKAMAL	42828	2001.45	99.14
NOCIL	42828	95.85	99.07
OCL	42828	937.35	99.73
PAGEIND	42828	14579.25	99.99
PANAMAPET	42828	167.6	99.15
PAPERPROD	42828	245.7	99.66
PEL	42828	1936.05	100
PIDILITIND	42828	702.95	99.88
PVR	42828	1437.4	99.8
RAMCOCEM	42828	674.65	100
RBL	42828	1028.65	99.57
RUCHIRA	42828	168.45	99.75
SHILPI	42828	222.1	100
SHIVTEX	42828	365.4	99.56
SHREECEM	42828	17169.65	99.61
SHREYANIND	42828	138.35	99.42
SIYSIL	42828	1698	99.41
SOMANYCERA	42828	693.85	99.86
SONASTEER	42828	82.1	99.41
SRF	42828	1662.05	99.26
STARPAPER	42828	180.9	99.15
STEL	42828	70.95	99.48
STERTOOLS	42828	224.1	99.84
SUBROS	42828	218	99.41
SUMMITSEC	42828	582.25	99.41
SUNCLAYLTD	42828	3671.45	100
SUPPETRO	42828	313.8	99.84
SUPRAJIT	42828	240.05	99.91
SUPREMEIND	42828	1102.1	99.97
SWARAJENG	42828	1482.6	99.51
TAINWALCHM	42828	57	99.26
TIIL	42828	451	99.56
TIRUMALCHM	42828	893.1	99.26
TOKYOPLAST	42828	120.8	99.57
TRENT	42828	271.9	99.43
TRIDENT	42828	85.4	99.54
TTKPRESTIG	42828	5872.1	99.99
TVSMOTOR	42828	436.1	99.53
TVSSRICHAK	42828	3496.25	99.91
UNIPHOS	42828	735.45	99.64
UNIPLY	42828	314.85	99.75
UPERGANGES	42816	377.7	99.16
V2RETAIL	42828	191.3	99.9
VAKRANSOFT	42828	329.15	99.98
VARDHACRLC	42828	54	99.36
VESUVIUS	42828	1244.95	99.81
VHL	42828	2908.15	99.8
VINATIORGA	42828	745.6	99.94
VSSL	42828	159.45	99.55
VSTTILLERS	42828	1791.6	99.83
VTL	42828	1358.85	99.54
WHEELS	42828	1329.7	99.31
ZEEL	42828	528.55	99.45

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