Swing Trading Strategy with Chartink Screener and Live Examples
A Thread๐งต
Step 1 : Run this Screener
โ Filters Out Stock which are in 5% range of their 52 Week High
โ RS > 0
โ ROE, ROCE > 15
โ Above 21 ema https://t.co/KwJl3xVsScchartink.com/screener/stockโฆ
Step 2 :
After running the Screener you will find 100 Stocks in the list
If you want you can change Market Cap Filter , ROE , ROCE Filter which changes the no of Stocks in the Screener
Step 3 : Open each chart one by one
Assuming you take 1 min per chart , it will take only 90 mins per day for Stock screening which comes down to 45 min if you do it regularly
Step 4 : We will only trade 2 patterns
1. Volatility contraction Pattern
โ Last Base should be < 8%
2. Short Flat Bases
โ After a Strong upmove Stock consolidates in tight ranges
โ This range should not be more than 8%
โ Can be called as Flag and Pole breakout as well !
Step 5 : Look for these characters in the Stock
1. Volume on updays > volume on down days 2. Volume increasing on right side of base 3. Above 21 ema , has got a good run up before base formation 4. Should not be in FnO segment 5. Keeping Alerts on the breakout level
Entry Point :
Enter on the breakout with max Stoploss of 8%
Tight base will have smaller stoploss
Target can be 1:2 Risk Reward or trailing use 21 ema
Position Size max 10% in a Stock
About Darvas :
In the late 1950s, Nicolas Darvas was one half of the highest paid dance team in show business.
Darvas turned a $36,000 investment into more than $2.25 million in a three-year period.
1/n
It was on a two-year tour of the world that he initially developed his โDarvas Boxโ method of screening stocks โ a method of picking stocks based on the stockโs price and volume .
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A Thread๐งต
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๐ช๐ต๐ ๐ฑ๐ผ ๐บ๐ผ๐๐ฒ๐ ๐ฐ๐ผ๐บ๐ฒ ๐๐ณ๐๐ฒ๐ฟ ๐ฎ ๐ฝ๐บ ?
๐ธ Generally FIIs get active after 2 pm because at that time the europeans market open
๐ธ We have seen that mostly single sided moves comes after 2 pm it could be bullish or bearish
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๐ธ On expiry we have seen 20 rs option go to 100 -200 how do you capture it ?
๐ธ This range breakout strategy when ran consistenly can give you phenomenal returns
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