BC SCREENERS

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DTBhat
@dtbhat 5 years ago 3407 views

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The thread explains my momentum scanner and how to build it in #TradePoint software.
@Definedge
Conditions :
1)EMA 8 above EMA 34 and rising
2)Candle close above previous 5 candle high
3) RSI above 60
4) Volume above previous 5 candles
5) ADX above 30
1/n

Select Double Moving Average 8 and 34
2/n

Under Patterns select Close Above Prev Bars
3/n

Qualify the candle close
4/n

RSI above 60
5/n

Volume above prev n candles
6/n

Select Single Moving Average and select average rising for 8ema
7/n

ADX above 30
8/n

All conditions must be true. Save the scanner.
9/n

If we run it on F&O stocks (under EOD scanner) these are the shortlisted rock today
10/n

Let us look at SRF chart
11/n

Let us run it on real-time scanner on 15 min time frame (since market is closed now it will show with reference to the last candle in 15min) we get the following stocks
12/n

Let us look at Hindalco chart
13/n

This scanner will indicate momentum stocks and for entry exit etc I use P&F charts and trade intra day. While running the scanner we can specify the TF (like daily/weekly etc) in EOD scanner. Useful to run it on weekly or monthly for investment purposes.
14/14

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1) Entry at Anchor Column FT which is also a FT to bear trap (prompted by a scanner) SL immediate DBS.
2) Momentum scanner and chart suggesting momentum in the stock

1/3

3) Look for pyramidding opportunities on pullback and reversal. Here pullback-scanner gave 123 pullback bullish prompt with immediate DBS as SL for added qty.
4) SL hit for add-on qty and it turned out to be another bear trap.
2/3

5) Momentum scanner and charts showing huge strength. Decided to carry the originally entered qty as positional.
3/3

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#BankNifty futures on short-term charts . This is one my setups for taking risky long trades. https://t.co/N1Ca2sGLbe

#BankNifty futures on short term charts
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#CHOLAFIN futures on daily and intraday charts
Last week when #Bajfinance moved up sharply @PRANAV_DOSHI suggested me to look at this counter
A case of #BeganiShadiMein :-)

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If u are looking to enter a scrip just before the breakout
what would u look for?
How would u identify scrips just before breakout?

Here are a few pointers
Carefully understand the them and use at ur own discretion
(All comments r compiled from a question i posed)

1/23

Price is testing the same resistance repeatedly since long.
But now in recent times it's forming multiple candles near the same resistance with low volume.
Observe it and see for opposite move.
As soon as u get a positive candle, get in to it.

2/23

1. Volume buildup (vol > when resistance point created) along with, increase in OI, increase in delivery % on HTF
2. On LTF, price stalling around breakout area for at least 1-2hr.
3. No major events.

3/23

Stock reaching breakout LVL with HL-HH
Contraction of price and volume near it especially near 20 days ma.
If there is any breach of the latest HL it should be followed by a bullish candle with good volume.
Left side of the chart has a rally with a very steep slope of ma.

4/23

Number of wide range green bars with high volumes.
If stock is at its ATH then it adds more conviction bcz there wont b supply after that point

Consolidation below the resistance, volume of the candles & strong bullish candle closing at near highs just below the resistance

5/23