In part 2 of our series, let's dive into Setups of Interest in detail. Currently there are so many fancy stock market scanners and tools available, why is there a need for one more? Justifying the need requires more than a single statement. However, after reading this blog, you'll have the opportunity to assess its value and decide for yourself.

This is the most preferred setup among traders characterized by a simple horizontal resistance line. Currently there is no simple way to arrive at such setups apart from manual scanning. Moreover, existing tools and scanners signal a stock post breakout. This is where our Horizontal Resistance : Daily comes handy. It assist you in pinpointing stocks that have a horizontal resistance line with price near the resistance, but haven't breached it yet.

Few people prefer to take long position in weekly/long base setups. These set of names are available in Horizontal Resistance : Weekly option under horizontal resistance scanner.

Stocks exhibiting a narrow range often present a favourable risk-reward ratio. Although there are couple of scanners available for this kind of setup, they are not accurate in capturing most of the names. Our Tight Setup : Daily addresses this issue, providing quality names by identifying consolidation of a stock in the following scenarios,

Few people prefer to take long position in weekly/long base setups. These set of names are available in Tight Setup : Weekly option under tight setup scanner.

One of the simple ways to make money in stock markets is to follow where institutional money is flowing. As an outsider, the only way to recognize this is to identify stocks with huge volume footprints in the charts confirming accumulation by big hands. This also suggests huge buying force and upcoming big move. The Volume Footprint Scanner does good job at identifying stocks in the process of forming a base with substantial accumulation.

Stocks coming out of IPO bases generate good short term move and that's what attracts trader to these kind of stocks. Although the access to IPO names is straightforward from NSE website, updating recent listing every time and scanning through them involves a bit of hassle.

This scanner provides a list of names that have broken key MA and bounced back above it with a maximum of 3-4 days.

In summary, while traders often seek specific setups that are not readily available except through manual scanning, our custom-built sophisticated scanners not only simplify but also streamline your scanning process, making it both easy and seamless.