Scan Stocks for Swing Trading | Short - Medium Term Trading | Consolidating or Recovery
Channel: Winning Strategies
Date: 2021-11-16

In this video we have designed a scan in
https://chartink.com/screener/igaurishankar-retracement-trades-or-consolidating
which scan stocks that have fallen (made corrections) over past days and are now consolidating or moving up (recovery).

The fundamentals of scan is that RSI monthly and Weekly should be greater than 60, which means there is much strength in the stocks. But the RSI daily is in between 35 and 60, which means stock has made a correction which is normal in the market. Also we have used EMAs with Alligator indicator.

This helps in catching the stocks at right place, with less stop loss.