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Three Months Breakdown Stocks Strategy Scanner
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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 -
Scanner Conditions
- Price has broken below the lowest low of the last 60 candles, indicating a three month breakdown.
- Latest tick volume is above the previous (P-1) tick volume, confirming increasing participation.
- Latest tick volume is greater than the 20-tick average volume, indicating strong selling interest.
- Price is below the 200-period SMA, confirming long-term bearish trend.
- Daily (live) trend is bearish, ensuring alignment with higher timeframe direction.
Additional Considerations -
- Timeframe: This strategy works best on a daily timeframe.
- Confirm with Volume: Breakdowns are more reliable when supported by strong volume.
- Trend Direction: Stocks below the 200 SMA indicate strong bearish structure.
- 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.