About Scanner - Range Breakout Stocks Strategy

Range Breakout strategy spot stocks breaking above resistance, ideal for short-term trading opportunities. Identifies breakout opportunities with volume confirmation and bullish momentum.

Strategy Description -

This strategy identifies stocks showing bullish momentum, where the latest close on the daily, weekly, and monthly ticks is higher than the latest open.

It highlights stocks where the latest high-low range is higher than the highest range of the last 4 ticks from the previous tick, indicating strong upward movement.

This Scanner also filters for stocks with current tick volume greater than the 30-tick average volume, indicating strong participation and buying pressure.

To improve reliability, it filters for stocks showing bullish 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 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.