How to find swing trading stocks with chartink screener | 44SMA CHARTINK SCANNER

Kalpesh Jadav • 5 days ago

Original source

What This Video Is About

This video tutorial demonstrates how to create a custom scanner on the Chartink platform. The scanner is designed to identify stocks where the daily price is supported above the 44 moving average, providing a specific entry point and stop-loss strategy.

Major Ideas Discussed

  • The scanner identifies stocks with a market capitalization of over 1000 crores, a price between 100 and 2000, and an average 20-day volume above 1 million.
  • The low of the latest daily candle must touch the 44 moving average, and the closing price must be greater than the 44 moving average.
  • The entry point for a buy order is when the candle high is broken, with the stop-loss set at the low of that candle.
  • Viewers are advised to analyze the results, such as with The Federal Bank and HFCL LED, to understand how the strategy works.
  • A minimum risk-to-reward ratio of 1:2 is recommended.

What to Watch Next

Viewers can join a free Telegram channel by commenting "scanner" to get the scanner link and further updates on using Chartink for stock analysis.