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Daily PSAR Breakdown with Volume Confirmation Scanner
| Code | Price | Close Price Latest | Low Price (P-1) | Open Price Latest | Latest Vol (K) | Vs 20 Avg Vol (%) | EOD DailyTech Strength | EOD Daily - More Bearish Than | ema50 | P SAR (Start 0.025 Increment 0.035 Max 0.3) | Chart | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NTPCGREEN | 91.97 | 91.97 | 92.60 | 93.03 | 6434.43 | 115.44 % | Bearish | 0 % | 97.64 | 96.25 | ||||||
| TORNTPOWER | 1390.5 | 1390.50 | 1408.00 | 1430.00 | 703.21 | 118.07 % | Bearish | 12.66 % | 1445.68 | 1474.00 |
Daily PSAR Breakdown with Volume Confirmation Strategy
PSAR Breakdown with Volume Confirmation strategy combines the PSAR indicator with EMA & volume to identify high-probability breakdown stocks.
Strategy Description -
Scanner Conditions
- Latest close is below the previous low, confirming bearish momentum and downward price strength.
- Latest close is below the open, indicating bearish price action.
- Open price crosses below the Parabolic SAR, signaling a bearish breakdown.
- Close price is below the 50 EMA, indicating bearish trend continuation.
- Current tick volume is greater than the 20-tick average volume, indicating strong selling pressure.
- 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 strong 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.