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Previous Day's High Breakout Strategy Scanner
| Code | Price | OR Low Daily | OR High | Close Price Latest | Open Price Latest | Latest Vol (K) | (P-1) Vol (K) | Chart | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AEGISVOPAK | 314.95 | 292.5 | 316.0 | 316.95 | 314.80 | 134.37 | 82.02 | ||||||
| PREMIERENE | 902.0 | 880.0 | 904.3 | 905.00 | 901.90 | 272.98 | 242.03 |
Previous Day's High Breakout Strategy Scanner
This strategy identifies stocks showing strong intraday breakout momentum by combining bullish price action and volume participation.
Strategy Description
Scanner Conditions
- 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.
Additional Considerations
- 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.