Screener to Find Swing Stocks.
1. 15% Range of Near 52 week high
2. Avg Volume > 1 lakh
3. Market Cap > 2000 Cr
4. Roe Roce > 20%
5. Eps Increasing Qtr on Qtr
6. Above 50 ema
How to use This Screener
1. Basically we are screening Fundamentally strong stock
2. These are Technically Strong also as stocks are near 52 week high and above 50 ema
3. Below is the list For the screened Stocks.
4. Target should be on RR
When to Enter
1. When 52 week High is Broken
2. Filter Stocks Select Stock With High Relative Strength
Example : #CosmoFilms , #Mastek
3. Keep Sl Below 21 ema
4. Keep Trailing Using 21 ema
5. Enter stocks on high volume breakout
6.Look for Price Range Contraction
Your Most work is done by the screener
The most important task is filtering out manually and that's where your Returns will differ
As we are screening TechnoFunda stocks these can used for momentum investing
Join telegram https://t.co/b4N4oPAto9
High Volume Scan:
Go to the Scan tab in ToS. It might have fields, just 'x' them out so it looks like mine. Then click the "add filter button"
Click 'stock' from the menu and it should add a scan query into your filter section. Click the drop down menu next to stock and select close and put in your minimum amount. I prefer 10
Next click add filter again, then stock. This will add yet another stock filter to your scan menu. I set this to market cap and put 500 into the box. The numbers are in millions to keep it easier:
Add filter again, but this time select 'study' which will place a new menu in your filter section. There should be a pencil to the right, click it to edit the study. We will place our code in here:
The window below will pop up. Ignore the Conditions window for now and click the thinkScript Editor and delete everything in it:
There are countless ways to make watchlists. Each trader looks for particular things in a setup that fits their style. There is no science here. My goal is to share a simplistic strategy on how to become SELF-SUFFICIENT with watchlists. 🤝
There are 3 points I want to speak to:
1. I have extensive stock watchlists based on tickers I have either played in the past or have been watching with the intent of playing in the future. Especially with options, it is hard to jump into a stock not knowing how it acts.
For me, is crucial to study the price action of a stock, as well as how its premium and options spreads move before I am fully comfortable trading it regularly.
Start with sector watchlists. In addition, have one "general" watchlist with assortments of familiar & trending stocks
2. Now that I have a large sample size of stocks I have kept an eye on for some time, I will shuffle through their charts when looking for possible high risk/reward plays.
I look for charts with significant breakout or breakdown potential. If it is easy to identify both
support AND resistance targets without too much choppiness in the chart (small distance between targets), I would consider it high risk/reward. When a chart displays ample movement in the past, they can be great plays either way, which is why I give both call and put targets.
But how do you find the next $AFRM, $PLTR, or $USPT early?
Here are 9 GREAT resources for finding stock ideas (8 of them are FREE):
Look through the holdings of high-growth ETFs
Google the ETF symbol and “holdings”
These are worth cracking open:
▪️ $ARKF / $ARKG / $ARKK / $ARKW
2: Fund Managers
Type a fund you respect into @Whalewisdom
You can see all their holding and get emails of any changes
These funds are worth tracking:
Here are some of the big investors that track:— Brian Feroldi (@BrianFeroldi) February 17, 2021
Here are their current top 10 holdings (in order) and links to their latest buys/sells \u2b07\ufe0f
3: Newly Public Companies
Are a great idea source
@Finviz is great for screening by sector/industry
@Stockcard is great for screening by themes (like the mega-trends listed below)