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Daily Breakdown Stocks with Volume Confirmation Scanner



About Scanner - High Low Range Breakdown Strategy

High Low Range Breakdown strategy identifies breakdown opportunities using highs and lows to capture strong price movements.

Strategy Description -

  • It highlights stocks where the latest close is below the latest open, confirming negative momentum.

  • This strategy identifies stocks where the latest high–low range is lower than the lowest range of the last 10 ticks, from the previous (P-1) high–low range, indicating increasing volatility and strong downward momentum.

  • It also filters for stocks with current tick volume greater than the 20-tick average volume, indicating selling pressure.

  • RSI below 45 indicates the bearish confirmation.

  • To improve reliability, it filters for stocks showing bearish technical strength.

Additional Considerations -

  • Timeframe: This strategy works best on a daily timeframe.

  • Confirm with Volume: Monitor volume closely - Momentum is trustworthy when supported by good average volume.

  • Avoid Sudden Spikes: If there’s a huge price move in the last two ticks, stay cautious as volatility may fade quickly.

  • Filter Stocks: Apply this strategy to your favorite stock basket or your watchlist.


Fine Tune : You can customise these screeners by clicking on 'Fine Tune Filter' Option

Caution : All these screeners are crafted based on some historical scenarios which may / may notbe applicable here. We recommend to fine tune them according to current market conditions or seek expert advise before taking any decision.
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