๐๐ก๐ ๐๐-๐๐๐๐ค ๐๐ง๐๐๐ฑ ๐๐๐๐ง๐ง๐๐ซ ๐
A THREAD ๐งต
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The 52-week index filter on @screener_in is one of the most effective ways to filter out stocks for #equity segment.
Here's how it can help you ๐
A THREAD ๐งต
Please Like & RT this if you find value ๐
The 52-week index filter on @screener_in is one of the most effective ways to filter out stocks for #equity segment.
Here's how it can help you ๐
1/ The 52-week index is simply a stock in its 52-week band.
The formula is:
(๐๐ถ๐ณ๐ณ๐ฆ๐ฏ๐ต ๐ฑ๐ณ๐ช๐ค๐ฆ - ๐๐ฐ๐ธ ๐ฑ๐ณ๐ช๐ค๐ฆ) * 100 / (๐๐ช๐จ๐ฉ ๐ฑ๐ณ๐ช๐ค๐ฆ - ๐๐ฐ๐ธ ๐ฑ๐ณ๐ช๐ค๐ฆ)
๐ฉ๐ฎ๐น๐๐ฒ ๐ถ๐ป %
The formula is:
(๐๐ถ๐ณ๐ณ๐ฆ๐ฏ๐ต ๐ฑ๐ณ๐ช๐ค๐ฆ - ๐๐ฐ๐ธ ๐ฑ๐ณ๐ช๐ค๐ฆ) * 100 / (๐๐ช๐จ๐ฉ ๐ฑ๐ณ๐ช๐ค๐ฆ - ๐๐ฐ๐ธ ๐ฑ๐ณ๐ช๐ค๐ฆ)
๐ฉ๐ฎ๐น๐๐ฒ ๐ถ๐ป %
2/ Now you may ask what is the ๐ฑ๐ฎ-๐๐ฒ๐ฒ๐ธ ๐ฏ๐ฎ๐ป๐ฑ?
Lets understand this with an example -
Take this example of #Birlasoft.
Current Price= โน531
52-Week High= โน538
52-Low= โน216
So, its ๐ฑ๐ฎ-๐๐ฒ๐ฒ๐ธ ๐ฏ๐ฎ๐ป๐ฑ comes at -
= (531-216)/(538-216)*100
= 97.5%
Lets understand this with an example -
Take this example of #Birlasoft.
Current Price= โน531
52-Week High= โน538
52-Low= โน216
So, its ๐ฑ๐ฎ-๐๐ฒ๐ฒ๐ธ ๐ฏ๐ฎ๐ป๐ฑ comes at -
= (531-216)/(538-216)*100
= 97.5%
3/ What does this mean?
Basically, we want to look at stocks that are in the top half of their 52-week band (the highlighted area in the diagram) or within 75% of its ๐ฑ๐ฎ-๐๐ฒ๐ฒ๐ธ ๐ฏ๐ฎ๐ป๐ฑ.
Basically, we want to look at stocks that are in the top half of their 52-week band (the highlighted area in the diagram) or within 75% of its ๐ฑ๐ฎ-๐๐ฒ๐ฒ๐ธ ๐ฏ๐ฎ๐ป๐ฑ.
4/ The main reason we want to select these stocks are because we want stocks wherein the demand is more than its supply.
A stock within its 52-week band means that buyers are still activated here. This simply shortens our filtering process.
A stock within its 52-week band means that buyers are still activated here. This simply shortens our filtering process.
6/ This isn't perfect but it gives you with around 200 names during the weekend, you have to go through them manually and trade stocks that are outperforming the broader #NIFTY500 and breaking out of sound technical structures.
7/ The best thing about this is that it gives us stocks to trade that are structurally quite good (HH-HL).
แดสแดษดแด สแดแด!โฅ๏ธ
๐๐๐ญ๐ฐ๐๐๐ญ ๐ญ๐ก๐ ๐๐ข๐ซ๐ฌ๐ญ ๐ญ๐ฐ๐๐๐ญ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ญ๐ก๐ซ๐๐๐ ๐๐จ๐ซ ๐๐๐ญ๐ญ๐๐ซ ๐ซ๐๐๐๐ก. โ
แดสแดษดแด สแดแด!โฅ๏ธ
๐๐๐ญ๐ฐ๐๐๐ญ ๐ญ๐ก๐ ๐๐ข๐ซ๐ฌ๐ญ ๐ญ๐ฐ๐๐๐ญ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ญ๐ก๐ซ๐๐๐ ๐๐จ๐ซ ๐๐๐ญ๐ญ๐๐ซ ๐ซ๐๐๐๐ก. โ
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