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Daily Breakdown Stocks with Volume Confirmation Scanner
| Code | Price | Close Price Latest | Open Price Latest | Latest Vol (K) | (P-1) Vol (K) | Latest Vol (K) | Vs 20 Avg Vol (%) | EOD DailyTech Strength | EOD Daily - More Bearish Than | ema50 | Chart | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NTPCGREEN | 91.97 | 91.97 | 93.03 | 6434.43 | 1627.23 | 6434.43 | 115.44 % | Bearish | 0 % | 97.64 |
Daily Breakdown Stocks with Volume Confirmation Strategy
Daily Breakdown Stocks with Volume Confirmation Strategy helps to identify momentum shifts and high-probability trades.
Strategy Description -
Scanner Conditions
- It highlights stocks where the latest close is below the latest open, indicating bearish momentum.
- This strategy selects stocks where the latest close is below the lowest of the last 25 ticks from the previous tick, indicating a breakdown.
- It also filters for stocks with current tick volume greater than the 20-tick average volume, indicating strong participation and selling pressure.
- To improve reliability, it filters for stocks showing bearish technical strength.
- It identifies stocks where the close price is below the 50 EMA, confirming short-term bearish 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 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.