Free Access to TSR Screeners - Sign Up for Your Weekend Pass
TSR Screener - 1 min to Qtr Tick, Tech & Funda -
Auto Refresh, Web/Mobile Alert, Back Test | Want to Explore? -
Request For Demo
Fake Breakout Scalping Strategy Scanner
| Code | Price | High Price Latest Min5 | High Price Min5 (P-1) | Close Price Latest Min5 | Close Price Latest Min1 | Open Price Latest Min1 | Latest Vol (K) | (P-1) Vol (K) | Latest Vol (K) | Vs 20 Avg Vol (%) | Min1ema9 | Min5sma20 | Chart | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ADANIGREEN | 1334.5 | 1319.70 | 1316.90 | 1315.00 | 1315.00 | 1316.60 | 23.02 | 12.07 | 23.02 | 147.27 % | 1315.88 | 1317.55 | ||||||
| DELHIVERY | 428.0 | 428.90 | 428.55 | 426.20 | 426.20 | 428.35 | 31.31 | 7.05 | 31.31 | 181.17 % | 428.14 | 428.82 |
Fake Breakout Scalping Strategy Scanner
This strategy identifies bearish stocks where short-term upside attempts fail quickly, supported by rising volume and price below key moving averages for quick short-selling opportunities.
Strategy Description
Scanner Conditions
- Latest 5-minute high is above the previous (P-1) 5-minute high, indicating a rise before the price moves down.
- Latest 5-minute close is below the previous (P-1) 5-minute high, showing quick rejection and selling interest.
- Latest 1-minute close is below the latest 1-minute open, confirming bearish momentum on the lower timeframe.
- Latest tick volume is higher than the previous (P-1) tick volume, indicating rising participation.
- Current tick volume is greater than the 20-tick average volume, confirming strong activity during the move.
- Close price is below the 9-period EMA on the 1-minute tick, supporting short-term bearish momentum.
- Close price is below the 20-period SMA on the 5-minute tick, confirming intraday downtrend pressure.
Additional Considerations
- Timeframe: Works best on 1-minute and 5-minute ticks for intraday scalping.
- Ideal Market Sessions: Most effective during 9:20–11:00 AM and 1:45–3:00 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.