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EMA Resistance Rejection Scalping Strategy Scanner
| Code | Price | Close Price Latest | Open Price Latest | Latest Vol (K) | (P-1) Vol (K) | Latest Vol (K) | Vs 50 Avg Vol (%) | ema9 | ema20 | 9 ema | Chart | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BOSCHLTD | 47000.0 | 47825.00 | 47850.00 | 0.231 | 0.208 | 0.231 | 114.52 % | 47861.62 | 47909.83 | 47861.62 | ||||||
| CHOICEIN | 763.85 | 760.00 | 762.40 | 25.52 | 3.12 | 25.52 | 579.98 % | 762.73 | 763.63 | 762.73 |
EMA Resistance Rejection Scalping Strategy Scanner
This strategy identifies stocks showing strong bearish momentum by combining price weakness, volume and EMA confirmation.
Strategy Description
Scanner Conditions
- Latest tick close price is below the latest tick open price, indicating selling pressure on the current tick.
- Latest tick volume is higher than the previous (P-1) tick volume, showing rising interest from sellers.
- Current tick volume is greater than the 50-tick average volume, confirming strong participation.
- Close price below the 9-period EMA on the latest tick, indicating immediate bearish momentum.
- Close price is also below the 20-period EMA, showing short-term and intraday downtrend direction.
- Price has rejected from the 9 EMA at least once within the last 3 ticks, with price staying within 0.5% of the EMA, confirming the EMA as a strong resistance.
Additional Considerations
- Timeframe: Works best on 1-minute to 5-minute ticks for intraday scalping.
- Ideal Market Sessions: Most effective during 9:20–10:30 AM and 1:45–3:00 PM.
- Avoid Choppy Markets: Skip trades where price repeatedly crosses the 9 & 20 EMA.
- Volume Confirmation: 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 to four 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.