Price Action Screeners

Breakout Screener

Use this playbook to find stocks pressing through well-defined resistance with enough participation to deserve chart review.

4usage steps
6 tunable inputs
Open Breakout Screener

Use the live page first, then tighten your review using this playbook.

These guide pages are designed to help you move from raw output to better shortlist decisions faster and with more confidence.

Overview

Best when the broader market is constructive and leadership is expanding.
Useful for finding fresh momentum names before they become obvious to everyone.
Treat the results list as a review queue, not an automatic buy list.

How to use Breakout Screener

1

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.

2

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.

3

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.

4

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.

Open Page
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.

What to prioritize in the output

Higher breakout distance is better only if the move is still orderly and not too stretched.
Volume confirmation matters more after long bases than after short-term noise.
A clean follow-through day after the initial breakout is usually more important than the first spike alone.

Common mistakes to avoid

Chasing names that are already far beyond the breakout pivot.
Ignoring weak sectors even when one stock looks strong.
Treating every resistance break as equal without checking base quality.

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.

Charts