How would u obejectively determine 'Bullish Stocks"
in case if u want to create a mechanical scanner for that
here are 15 directives for that
1st time making ATH after 6-12 months consolidation
1/8
in case if u want to create a mechanical scanner for that
here are 15 directives for that
1st time making ATH after 6-12 months consolidation
1/8
Weekly TF
No breach of previous swing low.
RSI above 70 for continuous time duration
Never breached and closed below 34 week ema.
RS comapre to sectoral index is highest.
Sectoral index is at 52 week high.
Daily:
Position be taken on breakout of consolidation
2/8
No breach of previous swing low.
RSI above 70 for continuous time duration
Never breached and closed below 34 week ema.
RS comapre to sectoral index is highest.
Sectoral index is at 52 week high.
Daily:
Position be taken on breakout of consolidation
2/8
Stocks which were trading continuously above 200 EMA,
Monthly RSI >60, Weekely RSI>60,
Market structure on monthly basis HH HL
Stock schould be above daily/weekly/monthly above ichimoku cloud
Relative strength out performing
3/8
Monthly RSI >60, Weekely RSI>60,
Market structure on monthly basis HH HL
Stock schould be above daily/weekly/monthly above ichimoku cloud
Relative strength out performing
3/8
Price above standard moving average on daily, weekly & montly (50/100/200)
Relative strength - stock performing better than nifty and sector
Price above 200MA always or 50 DMA > 200 DMA & RSI > 60 on Weekly/monthly TF
4/8
Relative strength - stock performing better than nifty and sector
Price above 200MA always or 50 DMA > 200 DMA & RSI > 60 on Weekly/monthly TF
4/8
how many days script stayed above 200 ema on daily & weekly TF
Secondly, how many(weekly) higher highs it has achieved over last 3 years
Third relative strength over nifty
Weekly RSI above 60
Weekly Relative strength with Nifty 50 greater than 1
5/8
Secondly, how many(weekly) higher highs it has achieved over last 3 years
Third relative strength over nifty
Weekly RSI above 60
Weekly Relative strength with Nifty 50 greater than 1
5/8
Stocks where weekly close higher than previous week 75% of times in last 3 years
HH, HL in monthly & weekly timeframe
200 SMA rising since three years.
Monthly TF Angle of hull MA & heiken ashi green
Number of days spent above 50MA in the whole time period
6/8
HH, HL in monthly & weekly timeframe
200 SMA rising since three years.
Monthly TF Angle of hull MA & heiken ashi green
Number of days spent above 50MA in the whole time period
6/8
RSI montly should trade above 70
Close>PDH, >PWH & >PMH
Linear Regression slope for the entire period on price action
7/8
Close>PDH, >PWH & >PMH
Linear Regression slope for the entire period on price action
7/8
All the points outlined here are taken from the comments in this tweet
All credits to the ones who came up with their own ideas
8/8
All credits to the ones who came up with their own ideas
https://twitter.com/ProdigalTrader/status/1339205052058112001/retweets/with_comments
8/8
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