I got many requests to create a screener to shortlist the breakout stocks.

Well, here is one!

Finally, my friend created a "screener" to shortlist the breakout stocks.

It saves over 95% efforts & it is FREE!

Read the article to download it &

More from Indrazith Shantharaj

"VOLUME is the ultimate Trading cheat code" PART 2

Please read the FIRST Thread Before Reading this!

https://t.co/IV1HrDlzqk

#StockMarket #stock #volumeintrading


#1 Volume Color Can Create a False Illusion

At first look, it looks like a big volume spike.

But if you notice the price candle, it has a big selling wick.

It indicates "SELLING PRESSURE" is high at that time.


We can easily avoid this false impression using the "BLACK" color code across all the volume bars.

Now your mind doesn't assume it is a bullish volume spike!

(If you don't want to use the black color, then view the chart without getting any bias based on the volume color)


#2 Analyze Each Volume Spike Carefully

In this image, the price is breaking the resistance trendline.

How do you say whether it is a genuine breakout or false breakout (from a volume perspective)?


Observe the major Volume Spikes.

A is Bullish (Price moved upside on the next day)

B is Bearish (Price fell on the next day)

C is Bearish (Price moved sideways and fell)

D is Bearish (Price fell on the next day)

So High Probability of FALSE BREAKOUT!

More from Screeners

Central Pivot Range—(CPR)

What does it mean?

7 tweets that will teach you about its basics (and much more):🧵

Collaborated with @niki_poojary

1/ What is CPR?

The basics of CPR, how it's calculated, and TC and BC in CPR.

User: @ZerodhaVarsity.

One can also gauge the trend whether bullish or bearish.

Explained in very simple words

@ZerodhaVarsity 2/ What are the Uses of CPR?

User: @YMehta_

A thread that provides examples along with the concept.

Also includes an Intraday Trading Setup on 5 min


@ZerodhaVarsity @YMehta_ 3/ How to analyze trends with CPR?

User: @cprbykgs

How to interpret CPR based on the candles forming either above or below the daily and weekly CPR.

He is the most famous guy when it comes to CPR, so go through his Twitter and Youtube


@ZerodhaVarsity @YMehta_ @cprbykgs 4/ Interpreting longer timeframes with CPR

User: @cprbykgs

Trend Reversals with CPR when the trend is bullish and it enters the daily CPR

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