Intraday Supertrend
by @scanx
Intraday Supertrend Stocks
What are Intraday Supertrend Stocks?
Intraday Supertrend stocks are those where the Supertrend indicator signals a clear directional trend during the trading session. For instance, when a stock's price is supported by the Supertrend line turning green, it indicates a potential upward movement. Conversely, a red Supertrend line may signal a downtrend. Traders often use this signal to identify stocks with strong momentum for intraday trading opportunities.
What do Intraday Supertrend Stocks Tell Us?
Intraday Supertrend provides clear signals on whether to hold a bullish or bearish position based on the prevailing market conditions. When the price is above the Supertrend line and it turns green, it suggests a buying opportunity, indicating an upward trend. Conversely, if the price falls below the line and it turns red, it signals a selling or shorting opportunity, indicating a downward trend. This tool is invaluable for making swift trading decisions during intraday sessions.
Filters Used to Sort the Above Stocks
1. Supertrend 15Min < Price
This filter identifies stocks where the current price is above the Supertrend indicator on a 15-minute chart, suggesting a bullish trend. It is used because it helps pinpoint stocks exhibiting strong upward momentum, making them potential candidates for buying.
2. Volume 1 Day > Volume 5D SMA
This volume filter checks if today's volume is greater than the 5-day simple moving average of volume, ensuring that the trend indicated by the Supertrend is supported by higher trading activity. This condition confirms that the trend has sufficient market participation and is more likely to persist.
Key Takeaways
1. Trend Confirmation
Intraday Supertrend indicators help confirm the presence of a trend, allowing traders to align their trades with the market's direction.
2. Efficiency in Trading
By providing quick visual cues, the Supertrend enables traders to efficiently manage their trades, minimizing the need for complex analysis during the trading day.
3. Enhanced Market Timing
The indicator aids in optimizing entry and exit times, reducing the risk of entering or exiting a trade too early or too late.
4. Support and Resistance Levels
Supertrend helps identify key support and resistance levels, which are essential for setting stop-loss orders and target prices.
5. Risk Management
Incorporating Supertrend in trading strategies helps improve risk management by providing clear indications of when to enter and exit positions based on the strength and sustainability of the trend.
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Stocks following a supertrend indicator highlighting strong buy or sell intraday signals
Supertrend (15 Min) Price
Volume SMA (5) Vol
Price | Day Price Change | Change % | Volume | P/E Ratio | Market Cap (Cr.) | |
|---|---|---|---|---|---|---|
| 1,015.00 | 2.40 | 0.24% | 1,37,97,053 | 10.79 | 9,36,908 | |
| 2,254.30 | 11.40 | 0.51% | 32,11,699 | 16.21 | 8,15,625 | |
| 3,785.60 | -6.80 | -0.18% | 19,94,087 | 27.54 | 5,20,796 | |
| 1,040.90 | -6.50 | -0.62% | 2,90,36,900 | 14.07 | 4,22,320 | |
| 283.45 | 2.15 | 0.76% | 2,49,54,082 | 16.78 | 3,55,148 | |
| 1,271.00 | 26.30 | 2.11% | 36,74,904 | 19.38 | 3,44,907 | |
| 1,876.70 | -12.70 | -0.67% | 14,12,443 | 15.37 | 3,00,375 | |
| 1,005.10 | -20.70 | -2.02% | 1,17,75,846 | 24.07 | 2,36,483 | |
| 531.95 | 0.80 | 0.15% | 54,97,135 | 16.22 | 2,24,766 | |
| 138.47 | -1.45 | -1.04% | 1,19,02,268 | 4.52 | 1,95,537 | |
| 1,858.60 | 5.10 | 0.28% | 10,34,104 | 75.25 | 1,86,449 | |
| 177.12 | 2.30 | 1.32% | 1,32,82,944 | 13.04 | 1,86,039 | |
| 1,570.90 | 6.70 | 0.43% | 21,99,982 | 64.44 | 1,59,882 | |
| 1,952.60 | -1.80 | -0.09% | 9,17,025 | 29.23 | 1,58,657 | |
| 5,600.50 | 1.50 | 0.03% | 2,90,705 | 65.72 | 1,55,246 | |
| 1,724.40 | 7.10 | 0.41% | 19,12,110 | 27.99 | 1,47,003 | |
| 341.90 | 0.45 | 0.13% | 9,00,008 | 29.63 | 1,45,132 | |
| 13.13 | -0.07 | -0.53% | 38,27,97,982 | 4.14 | 1,42,254 | |
| 411.90 | 1.85 | 0.45% | 48,51,080 | 4.02 | 1,35,931 | |
| 3,689.80 | 3.50 | 0.09% | 2,32,607 | 84.23 | 1,31,401 | |
| 5,379.50 | -8.50 | -0.16% | 2,08,047 | 51.16 | 1,29,575 | |
| 4,091.80 | 126.50 | 3.19% | 3,67,416 | 22.63 | 1,21,372 | |
| 87.62 | 0.59 | 0.68% | 62,25,546 | 16.24 | 1,14,506 | |
| 125.65 | 0.43 | 0.34% | 3,67,14,624 | 5.76 | 1,13,973 | |
| 1,410.60 | 17.60 | 1.26% | 29,17,791 | 33.55 | 1,13,955 | |