Weekly breakout stock selection process:-

1) Log into https://t.co/tiGBjCOHDM and select scans context. Go to advanced mode and select Weekly breakout stocks scan
2) This scan has 3 patterns.
A)High Momentum on weekly is based on Mark Minervini pattern.

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Mark Minervini pattern ( stock up by 50% from 52 weeks low, price is within 25% range from 52 weeks high, price higher than 50 sma , 50 sma higher than 200 sma)

B) Resistance breakout on weekly,

C) Green Strength candle on weekly.

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If the candle body (open-close) ratio is higher than 50% of candle height(high -low) is considered as a Strength candle.

3) Further filter stocks above 50 rs & volume above 1 lacs & you get the list of good stocks as we are eliminating low volume stocks.

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4) View stocks on weekly chart having support & resistance, HH HL, LL HL, SP (swing point) & 20 Sma pre-applied.
5) IF ANY STOCK HAS RUN MORE THAN 15% in a week, I AVOID those stocks, as it can reverse or consolidate & SL will be more points.

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6) My favorite chart pattern is Stock ran to 52 weeks high and it ran a minimum of 100% from its 52 weeks low price also given a pullback with less volume and then a breakout should happen from a recent high with good/highest volume.

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