Find stocks that outperformed the market in this Market FALL with a single click

The one click scanner

"Every fall in the markets and your performance is an opportunity to study what could have been done better" ~ Homma

The consensus on finding “Strong Stocks” during a falling market seems to be to find “stocks that have not fallen with the market”, or “ have given positive returns as opposed to the negative return by the general market”.

So how do you find them?

Manually scan the ~3000 odd stocks?

Yes. Thats possible.

But here is another way that involves a single click.

Using this Scanner below.

Read on

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The logic behind the scanner:

1. Calculate the number of days since the last swing high (12th September 2023). 17 daily bars.

   Scan stocks that has given positive return since then (since 17 bars).

2. Additional filter:

   Scan for stocks whose Maximimum drawdown in this period is less than X%.

   This can be a multiple of the general market (CNX500) drawdown.

   cnx-500 drawdown = 4.08%

   Max DD in scan = 2.5 X 4.08% = 10.2%

   Some housekeeping filters I use:

3. Liquidity 20 day => 10 crores

4. Close price => 20

5. Market cap => 100 crores.

   

   Your Scanner is ready:

115 stocks that are positively outperforming the market during this Fall.

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Link to the Scanner:

Note that, you will have to change the numbers everyday accordingly.

https://chartink.com/screener/finding-high-rs-stocks-momentum

Watch the video for a detailed explainer:

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That's all for today.

If you are a swing trader, its very important to time the markets.

Simply step away when there is no momentum.

Do not die by a thousand cuts, trading a momentum-less markets.

Following a system consisting of some simple rules and tools, will help you keep most of what you have made in the bull market.

This is how you become CONSISTENTLY PROFITABLE.

I help a beginner become CONSISTENTLY PROFITABLE.

I share my “SYSTEM” and '“TOOLS” that will keep you in the right side of the markets in 2 ways:

1. The Sakatas Homma TA masterclass for beginners:

   A monster course 8-10 hours. Hourly sessions on weekends. Twice a year.

   Please register for the next batch using the link below.

   https://docs.google.com/forms/d/e/1FAIpQLScfnQA1w9WDTtTAPEHIqzkS9jhRSZFA1BZXuWRZ5JPZ3Qfu8g/viewform

   Watch my 1st session of the spring 2023 batch.

2. Homma Private Access membership:

   HPA is a subscription-based educational service (on WhatsApp). Benefits include:

   1. Daily Market Breadth Update.

   2. Access to my scanners, dashboards, and charting layouts.

   3. Weekend hourly session and Q&A.

   4. Live updates on my portfolio and the trading setup rationale.

   5. Live updates of key setups I am tracking.

Yearly membership of 12000/- INR only.

UPI payment & WhatsApp @ 9481506784.

Yours

Sakatas “Methodical” Homma.