Thread by @SaumilSanghavi

Here's an easy way to screen stocks that are ideal for momentum trading via @screener_in.
Criteria:
Stocks near or making 52 week highs,
At least 50% > 52 week low,
Free Float Market Cap < 7500 crores
(1/n)

Since I'm using custom formulas for Free Float, Free Float/Market Cap %, and custom columns along with them, the only option is to re-create manually on screener.in . Steps below:
(2/n)

Create a new screen -> Show all Ratios -> Create New Ratio

Ratio #1: Free Float Market Cap Formula:
Number of equity shares * (100 - Promoter holding) * Current price /100
(3/n)

Ratio #2: Free Float Market Cap to Total Market Cap Formula:
(Free Float Market Cap /Market Capitalization ) * 100
Thanks to @swing_ka_sultan for this ratio's significance.
(4/n)

Edit columns to look like they look in this screenshot.
The other ratios besides ^ are available directly via Screener, just have to add them.
Tweak it to your liking and I usually sort it in an ascending order based on returns over the last 3 months.
(5/n)

After you're done making new ratios, the Screen Query is as follows:

Up from 52w low > 50 AND
Down from 52w high < 20 AND
Current price > 30 AND
Free Float Market Cap > 200 AND
Free Float Market Cap < 7500 AND
Volume > 5000
(6/n)

This has been really helpful to find trade setups like Volatility Contraction Pattern (VCP), Weekly Inside Bars, Cup & Handle, Flags, etc.
Chart Checklist:
200 Day Moving Average (DMA) in an up-trend for at least 2 months;
50 DMA > 200 DMA;
Price > 50 DMA
(7/n)

@iManasArora's webinar has been incredible and I must have watched/taken notes multiple times to understand trading psychology, portfolio allocation, trading journal, and most important - risk.
(8/n)

@markminervini's all books are ultimate source of wisdom and knowledge and I highly recommend reading them as many times as possible! #SEPA #VCP
(9/n)

@VRtrendfollower @langvalcapital @iArpanK @JeetSituationM @koolvicky @blazingbhat @krishnblue