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Daily Potential Breakout Stocks Scanner
| Code | Price | Latest Vol (K) | Vs 25 Avg Vol (%) | EOD DailyTech Strength | EOD Daily - More Bullish Than | Chart | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| FEDERALBNK | 349.0 | 44155.13 | 536.53 % | Bullish | 60.42 % | ||||||
| HSCL | 741.55 | 18316.54 | 42.90 % | Bullish | 41.64 % |
Potential Breakout Stocks Strategy Scanner
Potential Breakout Stocks strategy identifies stocks near resistance with rising momentum and volume, likely to make a strong upward move if they breakout.
Strategy Description
Scanner Conditions
- This strategy compares tick ranges, selecting stocks where the highest of the last 30 ticks from the latest high is more than 2% above the highest of the 10 ticks from 30 ticks earlier, showing strong upward momentum.
- It selects stocks where the latest close is at least 1% above the highest of the last 180 ticks from the previous tick, indicating a potential breakout.
- To ensure reliability, it also filters for stocks with current tick volume greater than the 25-tick average volume, indicating strong participation and buying pressure.
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 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.