About Scanner - Range Breakdown Stocks Strategy

Range Breakdown strategy spots stocks breaking below support, ideal for short-term trading opportunities. Identifies breakdown opportunities with volume confirmation and bearish momentum.

Strategy Description -

• This strategy identifies stocks showing bearish momentum, where the latest close on the daily and weekly ticks is lower than the latest open.


• It highlights stocks where the latest high-low range is lower than the lowest range of the last 4 ticks from the previous tick, indicating strong downward movement.


• This Scanner also filters for stocks with current tick volume greater than the 30-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 good average volume.


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