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These are rules for my #NSE_Universe watchlist -
▶️ CMP > 25
▶️ CMP < 10000
▶️ MCap > 300 Cr
▶️ MCap < 3 Lakh Cr (Below 1 Lakh Cr if only looking for small & mid cap)
▶️ Avg Turnover (50 day) > 2 Cr
▶️ Avg Vol (50 day) > 5000 (to remove ETFs)
Filter out stocks in 5% circuit!
▶️ CMP > 25
▶️ CMP < 10000
▶️ MCap > 300 Cr
▶️ MCap < 3 Lakh Cr (Below 1 Lakh Cr if only looking for small & mid cap)
▶️ Avg Turnover (50 day) > 2 Cr
▶️ Avg Vol (50 day) > 5000 (to remove ETFs)
Filter out stocks in 5% circuit!
Two important tips -
▶️ While using moving averages (like I did for avg. turnover & avg. volume) keep in mind that chartink will remove stocks which didn't have 50 days of trading (as am using 50 MA). If you use 200, it will remove all stocks which gets listed within 200 days.
▶️ While using moving averages (like I did for avg. turnover & avg. volume) keep in mind that chartink will remove stocks which didn't have 50 days of trading (as am using 50 MA). If you use 200, it will remove all stocks which gets listed within 200 days.
Solution is - maintain separate list of stocks listed in last 3 months (3*20 = 60 trading days).
▶️ Before finalizing any trade, I always look for gaps between candles, erratic movement, lot of O=H, O=L bar on 5 Min chart. For velocity trades, I check it on 1 min chart.
▶️ Before finalizing any trade, I always look for gaps between candles, erratic movement, lot of O=H, O=L bar on 5 Min chart. For velocity trades, I check it on 1 min chart.
