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Bearish Reversal Scalping Strategy Scanner
| Code | Price | Close Price Latest | Open Price Latest | Latest Vol (K) | (P-1) Vol (K) | ADX | Bollinger Upper | RSI | Chart | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMBUJACEM | 388.3 | 392.65 | 393.60 | 83.17 | 40.67 | 31.19 | 393.75 | 60.30 | ||||||
| COFORGE | 1841.0 | 1784.30 | 1787.10 | 170.91 | 102.56 | 43.67 | 1787.37 | 63.11 |
Bearish Reversal Scalping Strategy Scanner
This strategy scans for stocks showing bearish reversal, supported by strong trend strength (ADX), volatility expansion (Bollinger Bands), and momentum breakdown (RSI).
Strategy Description
Scanner Conditions
- Latest screener close below the latest screener open, indicating a bearish candle and immediate selling interest.
- Latest screener volume above the previous (P-1) screener volume, confirming rising participation during the move.
- ADX (14,14) value above 25, signaling a strong and active trend.
- Close price crossing below the Bollinger Upper Band (20 SMA on close, 2 standard deviations), indicating volatility expansion and bearish breakout.
- RSI (14 on close) crossing below the 70 level on the latest tick, showing momentum shifting from strong to bearish territory.
Additional Considerations
- Timeframe: Best suited for 5-minute timeframe for intraday scalping.
- Ideal Market Sessions: Performs best during 9:30–10:30 AM and 2:00–3:00 PM.
- Avoid Sudden Spikes: If there’s a huge price move in the last two to four ticks, stay cautious as volatility may fade quickly.
- Volume Confirmation: Monitor volume closely - Momentum is trustworthy when supported by good volume.
- 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.