Breakout Screener
Use this playbook to find stocks pressing through well-defined resistance with enough participation to deserve chart review.
Overview
How to use Breakout Screener
Start with a manageable universe
Scan a realistic number of stocks first so you can inspect the best names manually instead of scrolling through a noisy list.
Tighten the breakout filters in strong markets
When the market is healthy, prefer names already near or above major resistance rather than loose setups still far below the trigger zone.
Read the top results by structure, not excitement
Focus on names breaking from clean consolidations, bases, or multi-week ceilings instead of already extended vertical moves.
Confirm with sector leadership
Breakouts work better when the stock belongs to a sector already attracting flows and showing multiple strong charts.
Starter parameter guide
These are the main inputs you can tune on the page and the range to begin with when you want a clean first pass.
| Parameter | What it does | Good range to start |
|---|---|---|
| Market | Choose the exchange universe you want to scan first. | Run India and US separately. |
| Number of Stocks | Controls how many names are scanned from the selected market. | Start with 50 to 150 names. |
| 52-Week High Margin | How close price can be to the prior 52-week high and still count as a breakout candidate. | Start around 1% to 3%. |
| Fibonacci Level | Sets how demanding the retracement filter is before a stock qualifies as a structural breakout. | Start around 38.2% to 61.8%. |
| Volume Node Percentile | Requires price to clear a stronger recent high-volume zone. | Start around the 75th to 95th percentile. |
| Indicator Selection | Lets you combine breakout tests instead of relying on only one trigger. | Start with 52-week high plus volume profile. |
Common mistakes to avoid
Best way to use this playbook
Use the page to narrow the market quickly, then promote only the strongest chart-plus-context setups into your active watchlist or research queue.