Shortlisting stocks is a tedious task. Here are the 10 most Powerful Positional Setups with Screeners that is available for FREE: 🧵 Collaborated with @AdityaTodmal
1/ Short term breakouts: This strategy involves finding stocks that are trading near their high in the past 4 months with rising volumes and closing strong, indicating a possible breakout. • 15-minute stock breakouts —(Intraday) https://chartink.com/screener/...
2/ Volume Shockers (stocks with rising volumes): Stocks that have seen a sudden spurt in their volume by over 2x times the average volume over the past 10 trading sessions and have gained or lost more than 5% today. https://chartink.com/screener/...
3/ Potential breakouts: • Stocks nearing 200 day high by 5% & showing consolidation for the past 30 days with volume above 50 day average. https://chartink.com/screener/...
4/ Strong Stocks: • This strategy involves finding stocks closing higher than their previous trading day continuously for the past 5 days. https://chartink.com/screener/...
5/ 52 week breakout: https://chartink.com/screener/...
6/ Morning Star Candlestick pattern: • This strategy involves finding stocks basis a bullish reversal three candlestick pattern i.e. Morning star. https://chartink.com/screener/...
7/ Golden cross scan: • This screener will filter the stocks where the 50 Simple moving average(SMA) has crossed above the 200 SMA . https://chartink.com/screener/...
8/ Bullish - Momentum Stocks: • Looking for Bullish stocks where there is volume and momentum and crossed PDH https://chartink.com/screener/...
9/ The perfect short: • Traders who prefer to short can use this screener Entry = Open price; SL = Previous Day High (PDH) R/R = 1:2 hence https://chartink.com/screener/...
10/ Evening Star Candlestick Pattern: • This strategy involves finding stocks basis a bearish reversal three candlestick pattern i.e. Evening star. https://chartink.com/screener/...
Precautions: a) Always backtest the ideas for atleast 3months and forward test with small qty untill you attain success. b) Define your risk to 0.5%-1% of your capital per trade. c) Not more than 3 trades a day. d) Stick to a single set up.
e) If you trade in stocks on intraday basis ensure you screen the potential stocks the previous evening. f) Ensure you have a plan in place, i.e. going long or short basis the stocks screening on the previous evening.
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