About Scanner - One Month Fake Breakout Stocks Strategy

One Month Fake Breakout Stocks Strategy helps to identify bearish reversal opportunities after a false upside breakout.

Strategy Description -

It highlights stocks where the price has made a fake breakout above the highest high of the last 20 ticks, indicating rejection of higher levels.

This strategy selects stocks where the screener tick volume is greater than the 20-tick average volume, confirming strong participation during the reversal.

To ensure reliability, it also filters for stocks where the RSI (14) on close price is below 50, indicating bearish momentum 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.


• 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.