@visuarchie I know two such tools(both are paid) which might do the job of screening: MarketSmithIndia has filters for high Relative Strength stocks. I don’t have their subscription. I used their free screeners long time ago. Another one is The Wrap by @Tar. I am a subscriber and use it actively. They have a Stage 2 tool in which they update stocks in Stage 2 weekly. I personally use it to identify strong sectors (trends of stocks in stage 2 in a particular sector) and stocks which have just entered stage 2.
It looks something like this. This is still a long list of stocks. To identify value momentum stocks, I would identify sectors which are not hot at the moment but number of Stage 2 stocks is steadily increasing. Among them, I will identify stocks which have just entered Stage 2 (or broken out of Stage 1 base). I usually have a stoploss to weed out fake breakouts. In addition, my approach also involves studying fundamentals to gain conviction otherwise it is hard to allocate significantly to a single stock. Hope it helps.
| Subscribe To Our Free Newsletter |
