About Scanner – Potential Breakdown Stocks Strategy

Potential Breakdown Stocks strategy identifies stocks near support with falling momentum and volume, likely to make a strong downward move if they break down.

Strategy Description –

• This strategy compares tick ranges, selecting stocks where the lowest of the last 30 ticks from the latest low is more than 2% below the lowest of the 10 ticks from 30 ticks earlier, showing strong downward momentum.


• It selects stocks where the latest close is at least 1% below the lowest of the last 180 ticks from the previous tick, indicating a potential breakdown.


• Latest close is below the open, indicating bearish price action.


• It also filters for stocks with current tick volume greater than the 25-tick average volume, indicating strong participation and 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 selling volume.


• Avoid Sudden Spikes: If there’s a huge price drop 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.