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
Previous Day's High Breakout Strategy Scanner
No Records Found. Please try with some other criteria
About Scanner – Previous Day's High Breakout Strategy
This strategy identifies stocks showing strong intraday breakout momentum by combining bullish price action and volume participation.
Strategy Description -
- Price breaks above the previous one day’s high on 5-minute ticks, triggering a buy signal on first breakout.
- Latest tick close price is above the latest tick open price, indicating buying pressure on the current tick.
- Latest tick volume is higher than the previous (P-1) tick volume, showing increasing participation from buyers.
- Timeframe: Works best on 5-minute ticks for clean opening range breakouts.
- Ideal Market Sessions: Most effective during 9:20–10:30 AM, after the opening range is established.
- Volume Confirmation: Monitor volume closely - Momentum is trustworthy when supported by good 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.