Top Screener Strategies Used by Indian Traders
Introduction
Stock screening is a crucial part of successful trading. Indian traders use a variety of strategies on platforms like NSE Screener, Chartink, and Screener.in to filter high-potential stocks. In this post, we’ll cover the most widely used NSE screener strategies in India, including filters, logic, and how to apply them for real trade opportunities.
Why Use Screeners?
Manual stock picking can be time-consuming and inconsistent. Screener strategies help you:
- Narrow down hundreds of NSE stocks
- Find setups that match your trading style
- Save time while increasing accuracy
- Automate part of your decision-making
1. Breakout Screener Strategy
Objective:
Catch stocks breaking key resistance levels with volume confirmation.
Filters:
- Close > Previous Day’s High
- Volume > 2x 20-day average
- Price > 50-Day EMA
Use Case:
Best for swing traders looking to enter early in a trend.
Example Screener (Chartink):
textCopyEditClose > High 1 day ago
AND
Latest Volume > 2 * SMA(Volume, 20)
AND
Close > EMA(Close, 50)
2. RSI Reversal Screener
Objective:
Spot stocks in oversold territory that may reverse.
Filters:
- RSI(14) < 30
- Price near support
- Positive divergence on chart (manual check)
Use Case:
Best for short-term bounce plays and mean reversion.
📌 Note: Combine with chart review before entry.
3. High Delivery + Price Surge Strategy
Objective:
Identify stocks with institutional buying interest.
Filters:
- % Delivery > 60%
- Price Change > +2%
- Volume > Previous Day Volume
Use Case:
Positional and swing traders looking for accumulation-based moves.
Where to Track:
Use NSE’s Bhavcopy or Tickertape’s delivery filter.
4. Low PE, High ROE Screener
Objective:
Find undervalued yet profitable companies for long-term investment.
Filters:
- PE < 20
- ROE > 15%
- EPS > 10
Use Case:
Value investors screening for fundamentally strong stocks.
Recommended Platform:
Screener.in – allows formula-based queries.
5. Inside Bar + Volume Breakout Screener
Objective:
Catch volatility expansion after price contraction.
Filters:
- Today’s High < Yesterday’s High
- Today’s Low > Yesterday’s Low
- Volume > 2x average
Use Case:
Works well for breakout traders using price action.
📌 Manual chart review required to confirm breakout next day.
6. Gap-Up with Volume Screener
Objective:
Identify bullish sentiment and potential follow-through.
Filters:
- Open > Yesterday’s High
- Volume > 2x average
- RSI < 70 (to avoid overbought zones)
Use Case:
Used by intraday and short-term momentum traders.
7. MACD Bullish Crossover Screener
Objective:
Spot early momentum shift toward bullishness.
Filters:
- MACD Line crosses above Signal Line
- Close above 50 SMA
- Positive histogram value
📌 Platform: Chartink or TradingView screener (paid)
Strategy Comparison Table
| Strategy | Type | Best For | Timeframe |
|---|---|---|---|
| Breakout Screener | Technical | Swing Trading | Daily |
| RSI Reversal | Technical | Short-Term Rebound | 1–5 Days |
| High Delivery | Mixed | Positional | Multi-week |
| Value Investing (PE/ROE) | Fundamental | Long-Term | Multi-month |
| Inside Bar Breakout | Price Action | Short-Term Breakouts | Daily |
| Gap-Up + Volume | Momentum | Intraday / Short-Term | 1–3 Days |
| MACD Bullish | Indicator-Based | Swing Traders | Weekly/Daily |
FAQs
Which strategy works best for beginners?
Start with Breakout + Volume or Low PE, High ROE for simplicity.
Can I automate these screeners?
Yes. Use Chartink (free), TradingView (paid), or set up alerts using your broker’s platform.
Are these strategies guaranteed to work?
No strategy guarantees profits. Always backtest and use risk management.
Conclusion
Using NSE Screener strategies allows Indian traders to filter noise and focus only on trade-worthy stocks. Whether you prefer fundamentals, technicals, or hybrid approaches, combining the right strategy with discipline and market awareness increases your edge.
For ready-made screeners and strategy tutorials, explore more posts on NSEScreener.com.
