21st May 2022

Price action scanner Live

What is Price Action Scanner

Price action scanner by Intraday Screener is meant to figure out stocks that are breaking out on 5 minute and 15 minute time frames in Live markets. It also scans for Short term breakouts

Price action scans

Such stocks start to move up and close above the highs of previous many candles with volumes, thereby indicating price action has started to happen. Price action scans helps catch you stocks at right time during Intraday trading and

What is Price Action Trading

Price action trading strategy is a trading style in which we primarily consider price as the purest form of indicator. In price action strategy, we just see price and focus on important levels. Price action trading scanner helps to select stocks that are showing breakouts or breakdowns

Whenever we see price action trading strategies, we find our important support and resistance levels where the price is likely to take support or resistance. Once we find those levels, we take entry.

5 minute breakout example

Two major types of entries are

1> Breakout / Breakdown Entry
2> Pullback Entry

How to find Breakout stocks on Intradayscreener.com using Price action Scanner

You can use Intraday stock screener to find stocks which are showing breakout and pullback entries. You have to open Price action scans under Intraday Scans menu and you can see all stocks appearing under different price action scans below.

  • 5 minutes Breakout Stocks
  • 5 minute Breakdown Stocks
  • 15 minute Breakout Stocks
  • 15 minute Breakdown stocks
  • Hourly gainers
  • Hourly price losers
  • Short term breakouts
  • Short term breakdowns

How to use Price action Scanner for Intraday Trading

Using price action scanner , we can trade stocks in Intraday .Lets understand how to use Price action scanner and select stocks for Intradaytrading and Swing trading

5 minutes Breakout /Breakdown Stocks

This price action scanner lists down stocks which are breaking out in 5 minutes time frame. ALl stocks which are closing above high of previous 20 candles along with an increase in volume are listed in this scan. This scanner will refresh automatically for pro members while you need to manually refresh it for free users. Once you get any stock , you just need to click the stock and its stock page will appear. You need to check the chart oon five minutes and confirm if its good botential breakout stock.

Few other checks to do before trading and breakout stocks

  • Stocks where trading volume has been high in recent days is preferred.
  • Stocks which are trading above/below 5 days high or low are preferable for same.
  • STock should have sufficient liquidity

15 minutes Breakout /Breakdown Stocks

This price action scanner lists down stocks which are breaking out in 15 minutes time frame. ALl stocks which are closing above high of previous 20 candles of 15 minutes along with an increase in volume are listed in this scan. This scanner will refresh automatically for pro members while you need to manually refresh it for free users. Once you get any stock , you just need to click the stock and its stock page will appear. You need to check the chart oon five minutes and confirm if its good botential breakout stock.

Few other checks to do before trading and breakout stocks

  • Stocks where trading volume has been high in recent days is preferred.
  • Stocks which are trading above/below 5 days high or low are preferable for same.
  • Stock should have sufficient liquidity
  • Stocks that are trading above 100 DMA and 20EMA of 15 minut time frame is preferred for trading

Short Term Breakouts

This price action lists down stocks that are good for trading in short term on daily charts. Short term trading, also sometimes called as swing trading means buying and holdinh stocks for short term ,usually from 2-3days to 10-15 days. This scanner will refresh automatically for pro members while you need to manually refresh it for free users. Once you get any stock , you just need to click the stock and its stock page will appear. You need to verify few basic checks before taking any trade