Open High Stocks

Open High Stocks

Open High Stocks

Open High Stocks

What are Open High Stocks?

Open High Stocks are identified by their trading pattern where the opening price is the highest price that the stock achieves during the trading day. This happens when stocks start the day with strong momentum, often driven by positive news or strong investor sentiment, but fail to sustain these gains as the day progresses.

What do Open High Stocks Tell Us?

Open High Stocks provide insights into the initial optimism that may not be sustained due to various factors such as profit-taking, lack of additional positive catalysts, or general market conditions. This pattern is crucial for traders as it may indicate early strength but subsequent weakness, offering strategic points for short-selling or adjusting long positions.

Filters Used to Sort the Above Stocks

1. Open Price = High Price 1 Day

This filter is applied to find stocks where the opening price remains the highest price of the day. The rationale behind using this filter is to identify stocks that show initial strength but may lack subsequent buying support. It helps traders and investors to recognize potential early peaks and to strategize their trades around these patterns, particularly for avoiding buying at highs or for setting up short positions.

Key Takeaways

1. Early Trading Dynamics

Open High stocks highlight significant early trading dynamics, where initial enthusiasm does not translate into further gains, often leading to flat or declining price action throughout the day.

2. Risk Management Strategy

Recognizing stocks that open high and do not climb further can be critical for risk management, helping traders avoid entering positions at peak prices that may not hold.

3. Market Sentiment Indicator

This pattern can serve as an indicator of market sentiment, particularly investor reactions to news or events that affect stock prices only transiently.

4. Profit-taking Indicator

Open High situations often reflect profit-taking actions where early gains lead to selling pressure, which can be an important consideration for day traders.

5. Strategic Entries and Exits

Understanding the behavior of Open High stocks assists in making strategic entry and exit decisions, especially in identifying when a stock might not sustain its initial upward momentum, providing opportunities for short selling or cautious buying.

Open Price
High Price

Market Cap
20,000 Cr

Customize

Price
Day Price Change
Price %Change
Volume
PE Ratio
Market Cap
Open Price
1,454.30 -17.60 -1.20% 15,13,270 31.76 1,42,397 1,470.00
29,730.00 -60.00 -0.20% 21,157 72.31 1,07,268 30,000.00
148.23 -1.71 -1.14% 37,99,185 102.01 69,095 149.93
1,313.10 -4.90 -0.37% 73,725 44.95 68,707 1,328.00
1,211.50 -39.50 -3.16% 6,77,072 58.27 57,920 1,250.50
1,600.20 -26.30 -1.62% 5,26,881 59.20 57,211 1,620.00
1,634.90 -33.00 -1.98% 20,77,424 58.10 54,675 1,673.30
486.10 -8.85 -1.79% 20,74,261 63.80 50,160 496.95
230.63 -6.47 -2.73% 20,76,061 72.48 47,998 237.00
3,816.80 -47.70 -1.23% 51,538 68.23 41,928 3,888.00
1,936.20 -27.80 -1.42% 1,77,490 75.56 39,811 1,960.00
2,972.00 14.40 0.49% 85,527 98.10 39,772 2,979.90
3,330.50 -28.30 -0.84% 48,928 59.64 39,685 3,375.00
1,914.50 -7.90 -0.41% 58,501 16.37 35,950 1,934.10
1,276.00 -1.60 -0.13% 48,920 97.02 34,743 1,290.00
1,356.00 -39.20 -2.81% 56,057 39.54 34,402 1,388.20
215.05 10.20 4.98% 23,813 465.57 34,376 215.05
1,241.50 -8.20 -0.66% 2,10,240 42.43 34,035 1,249.70
253.70 -6.40 -2.46% 29,15,246 29.41 32,973 261.00
563.50 -3.70 -0.65% 69,363 50.75 28,127 569.90
241.44 -5.60 -2.27% 3,97,139 183.00 26,751 246.00
1,700.20 -23.20 -1.35% 69,120 39.38 26,533 1,734.40
2,902.80 -70.20 -2.36% 56,047 77.08 24,099 2,977.50
3,010.60 -35.50 -1.17% 13,684 50.35 22,645 3,032.90
274.94 -10.09 -3.54% 28,47,707 19.67 21,494 285.00