The HOT Stocks Filter on the GadBad Stock Screener Pro helps you zero in on Intraday trades with LOW risk Greater Reward trades.
The stop loss can be placed very near to the immediate Support and Resistance when using the HOT Stock Screening.
Today the NIFTY index showing weakness, I use the HOT Stocks Filter on the GadBad PRO to find shorting trades after Market Opening.
Screening Procedure used for this setup:
- On column EM , I filter for HOT+ and HOT stocks.
- On column V, I use filter for only CLASS A stocks.
- ON column K, I use filter for LTP < Yesterday’s LOW. (extra strength for shorting trades)
I can see TATAMTRDVR waiting undecided on Support 1 . Referring to the charts I find this as a good shorting opportunity, with very less risk.
Intraday 15 min Chart of TATAMTR DVR at 2 pm: