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Three Months Breakdown Stocks Strategy Scanner
| Code | Price | Latest Vol (K) | (P-1) Vol (K) | Latest Vol (K) | Vs 20 Avg Vol (%) | Intra DailyTech Strength | Intra Daily - More Bearish Than | sma200 | Chart | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GAIL | 155.61 | 21396.21 | 17268.29 | 21396.21 | 56.90 % | Bearish | 96.91 % | 177.29 |
About Scanner - Three Months Breakdown Stocks Strategy
Three Months Breakdown Stocks Strategy helps to identify strong bearish stocks breaking long term support with volume confirmation.
Strategy Description -
This strategy selects stocks where the price has broken below the lowest low of the last 60 candles, indicating a three month breakdown.
It highlights stocks where the latest tick volume is above the previous (P-1) tick volume, confirming increasing participation.
To ensure reliability, it also filters for stocks with latest tick volume greater than the 20-tick average volume, indicating strong selling interest.
To improve reliability, it filters stocks that are bearish on the daily (live) tick and trading below the 200-period SMA.
Additional Considerations -
- Timeframe: This strategy works best on a daily timeframe.
- Confirm with Volume: Breakdowns are more reliable when supported by good volume.
- Trend Direction: Stocks below the 200-period SMA indicate a strong bearish trend.
- Filter Stocks: Apply this strategy to your preferred 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.