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Fake Breakdown Scalping Strategy Scanner
| Code | Price | Low Price Latest Min5 | Low 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 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GRASIM | 3209.2 | 3195.70 | 3196.00 | 3201.40 | 3201.40 | 3200.80 | 13.07 | 10.66 | 13.07 | 108.53 % | 3199.74 | 3190.49 | ||||||
| JPPOWER | 15.37 | 15.30 | 15.32 | 15.39 | 15.39 | 15.33 | 488.11 | 435.22 | 488.11 | 124.15 % | 15.34 | 15.38 |
Fake Breakdown Scalping Strategy Scanner
This strategy identifies bullish stocks where short-term pullbacks quickly recover, supported by rising volume and price above key moving averages for fast trading opportunities.
Strategy Description
Scanner Conditions
- Latest 5-minute low is below the previous (P-1) 5-minute low, indicating a fall before the price moves up.
- Latest 5-minute close is above the previous (P-1) 5-minute low, showing quick recovery and buying interest.
- Latest 1-minute close is above the latest 1-minute open, confirming bullish 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 above the 9-period EMA on the 1-minute tick, supporting short-term bullish momentum.
- Close price is above the 20-period SMA on the 5-minute tick, confirming intraday trend support.
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.