This Screener can be used for identifying Stocks in Momentum. It detects Momentum continuation. It also has some conditions which ensures that there is Institutional participation.
Screener Parameters
Market Capitalization in Cr > 1000 AND Market Capitalization in Cr <= 10000 AND
avoids Micro Caps and ignores LargerCap Stocks
Price to Book Value > 1 AND
avoids low margin of safety stocks
Institutional holding current Qtr % > 0 AND
selects stocks with Institutional participation
Institutional holding change QoQ % > – 0.5 AND
selects stocks where Institutions are still in accumulation mode
PublicHoldingChangeQoQ < 0.5 AND
avoids stocks which are getting dumped by Institutions on Public
Weekly Turnover above 1Cr AND
avoid illiquid stocks & ensures that there is at least 1 Cr turnover per day
Current Price Rs > 200Day SMA Rs AND
selects stocks in uptrend
Current Price Rs > Month Close Rs AND
selects stocks which have performed recently
Relative Strength based screening parameters. Compare Relative Strength of the stocks with Nifty50 & respective Sector performance.
Price to Earning trend based parameters.
BACKTEST
Backtest has been run on trendlyne.com
Maximum of 10 Stocks were selected at every Monthly Run of the Screener – Equal Weightage of 10% per stock
When Screener selected more than 10 Stocks, Stocks with Higher Monthly Gain% was given preference
