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How to find breakout in stocks-Formula

From : Parag Narkhede at 08:58 PM - Oct 06, 2010 ( )
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Hi,

I want to learn how to find breakout in stocks.

Anybody know any screener website where I can put the formula for breakout and get the breakout stocks?

Any websites will be helpful to me..


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From : Parag Narkhede at 08:48 PM - Oct 07, 2010 ( )


Ok. If any stock crosses it annual resistance for example it is said to have breakout.

How to calculate these resistances. ?
Can use 200 EMA? So whenever a stock crossed 200EMA, buy it?





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From : Mesmer Mesmer at 08:42 PM - Oct 07, 2010 ( )


Parag, a break out is said to have occurred when a stock price crosses a major resistance upwards or a major support downwards, mostly with much higher than normal volumes. These MAJOR resistances and supports can be annual highs/lows, 52 wk highs/lows, double or triple tops/bottoms or even an odd sudden spike up/down with volume etc., and can be spotted on daily charts without much difficulty. There is, to my knowledge, no mathematical formula for it. Finally, www.icharts.in is a good site for free daily (EOD) charts. Alol the best. 





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From : Parag Narkhede at 08:42 PM - Oct 07, 2010 ( )


Thanks to all for valuable suggestions..





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From : Advait Thakur at 08:14 PM - Oct 07, 2010 ( )


even Mudraa has a lot of screeners like oversold stks with improving RSI, top vol.gainers etc. You can use these with your experience for generating profits.





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From : Ashish Manchanda at 10:13 PM - Oct 06, 2010 ( )


Instead looking for a formula for finding breakouts in stocks one should try to find formula how to select stocks for day trading. Your will automatically start getting results.





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From : Advait Thakur at 09:18 PM - Oct 06, 2010 ( )


icharts.in gives price /volume expansion list.Its not actually a breakout list but can be used for reference.It has proven useful for me.Also smartinvestor.in has a list of volume shockers.





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From : Selvi Murugan at 09:05 PM - Oct 06, 2010 ( )


http://varuthapadathavs.blogspot.com this blogspot gives breakout stocks also give stoploss and target.




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