Shall replace the oversold stocks with value called ones now?

Hi there. Certainly not.

There's a saying in the investment world that goes:

"Your portfolio is like a bar of soap. The more you play with it, the smaller it gets"

The objective is to buy strong companies and hold them for the long term. If a stock was overbought, would I consider maybe adding to my position or taking a starter position later when it possibly dips or consolidates? Absolutely. But I wouldn't be looking to sell my holdings.