Swing Trading Strategy with Chartink Screener and Live Examples
A Thread🧵
A Thread🧵
Step 1 : Run this Screener
chartink.com
✅Filters Out Stock which are in 5% range of their 52 Week High
✅ RS > 0
✅ ROE, ROCE > 15
✅Above 21 ema
chartink.com
✅Filters Out Stock which are in 5% range of their 52 Week High
✅ RS > 0
✅ ROE, ROCE > 15
✅Above 21 ema
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
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
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
✅ Last Base should be < 8%
1. Volatility contraction Pattern
✅ Last Base should be < 8%
2. Short Flat Bases
✅After a Strong upmove Stock consolidates in tight ranges
✅This range should not be more than 8%
✅ Can be called as Flag and Pole breakout as well !
✅After a Strong upmove Stock consolidates in tight ranges
✅This range should not be more than 8%
✅ 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
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
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
Watch this Video Explaining the above strategy
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