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Daily Potential Breakdown Stocks Scanner
| Code | Price | Close Price Latest | Open Price Latest | Latest Vol (K) | Vs 25 Avg Vol (%) | EOD DailyTech Strength | EOD Daily - More Bearish Than | Chart | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GODIGIT | 281.9 | 281.90 | 283.00 | 763.05 | 37.26 % | Bearish | 70.92 % |
Potential Breakdown Stocks Strategy Scanner
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 -
Scanner Conditions
- 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 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.