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Buying burstsSelling bursts

4 coiling on the 1 day candle · closed candles up to 1 Oct · 500 scanned

Live setups by sector:Pharma 3Auto 1Consumer Durables 1A count, not a signal.

StocksectorWhenthe burst candleMoveclose on closeVolume× the 20 before · ₹ tradedDeliverytaken homeWhereat the burstAfterclosed candlesRiskfrom the close of 1 OctChecksof 6
Consumer Durables · holders’ warning29 Sep2 candles ago-4.3%closed near its low6.5× · ₹57.5 crbusiest in 8462%usual 52%12.1% from 52-wk low12-wk basebelow 200-day avg1 candle insidevolume dried up (0.6×)stop 4.7% abovetrigger 0.5% below4
Pharma · F&O30 Sep1 candle ago-6.3%closed near its low4.8× · ₹456 crbusiest in 6551%usual 56%0.4% from 52-wk low4-wk basebelow 200-day avg0 candles insidevolume still heavy (5.8×)stop 4.4% abovetrigger 3.6% below4
Pharma · F&O30 Sep1 candle ago-5.3%gapped down, closed mid-range6.9× · ₹1,296 crbusiest in 8556%usual 54%2.9% from 52-wk low8-wk basebelow 200-day avg0 candles insidevolume still heavy (2.7×)stop 3.6% abovetrigger 3.7% below3
Pharma · F&O30 Sep1 candle ago-5.7%gapped down, closed near its low6.8× · ₹1,749 crbusiest in 250+59%usual 64%18.0% from 52-wk low16-wk baseabove 200-day avg0 candles insidevolume still heavy (3.0×)stop 6.1% abovetrigger 1.0% below3

passes does not pass not known yetIn order: liquid · real selling · unusual volume · strong close · good place · holding. Open a stock for the reason behind each.A setup is followed for 20 candles after its burst, then leaves the list.

A checklist, not a forecast. How often setups with more checks went on to work has not been measured, so this tab prints no success rate.