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Technical & Price Action

Breakout Stocks

Breakout Stocks is a Technical & Price Action screen. It checks every NSE-listed stock against 3 conditions computed from nightly data, after excluding heavily pledged promoters and very small market caps. This page explains the rule, each figure and its source. It lists no stocks and is not advice.

What it does and why

A breakout occurs when a stock that has been consolidating in a narrow range finally pushes through its resistance level with above-average volume. Breakout stocks are near their 52-week high and well above their 52-week low, indicating they have already made a significant move and are now attempting to extend it. The combination of price proximity to the high and strong volume signals that buyers are in control and sellers have been absorbed. This is a momentum and supply-demand screen, not a value or quality screen.

The rule, step by step

A stock must satisfy every condition below. Conditions are grouped under the pillar they test.

Breakout Setup

  • Close Price > 252-Day High (ex-today)

Liquidity

  • 20-Day Average Volume > 0
  • Daily Volume ÷ 20-Day Average Volume ≥ 1.5

Hard excludes

  • Promoter pledge above 30% of the promoter's holding
  • Market cap below ₹500 crore
Passes the screen

Ranked by Daily Volume ÷ 20-Day Average Volume, highest first.

The figures it uses

Close Price

Used in a condition
Formula
Closing price of the latest daily bar, adjusted for splits, bonuses and other corporate actions
Input fields
close
Source of record
Upstox · public historical candles, NSE_EQ|{ISIN} (no auth)FinEdge · /api/v1/daily-quotes/{symbol} (fallback)
Corporate actions
Adjusted for corporate actions before use
Refresh
Recomputed nightly (06:30 IST job); rows older than 3 days are excluded from screens

252-Day High (ex-today)

Used in a condition
Formula
Highest daily high over the 251 bars before the latest bar
Input fields
high
Source of record
Upstox · public historical candles, NSE_EQ|{ISIN} (no auth)FinEdge · /api/v1/daily-quotes/{symbol} (fallback)
Corporate actions
Adjusted for corporate actions before use
Refresh
Recomputed nightly (06:30 IST job); rows older than 3 days are excluded from screens

20-Day Average Volume

Used in a condition
Formula
Average daily volume over the 20 bars before the latest bar (whole shares)
Input fields
volume
Source of record
Upstox · public historical candles, NSE_EQ|{ISIN} (no auth)FinEdge · /api/v1/daily-quotes/{symbol} (fallback)
Refresh
Recomputed nightly (06:30 IST job); rows older than 3 days are excluded from screens

Daily Volume

Used in a condition
Formula
Shares traded on the latest daily bar
Input fields
volume
Source of record
Upstox · public historical candles, NSE_EQ|{ISIN} (no auth)FinEdge · /api/v1/daily-quotes/{symbol} (fallback)
Refresh
Recomputed nightly (06:30 IST job); rows older than 3 days are excluded from screens

Promoter Pledge

Hard exclude input
Formula
Pledged shares as a share of the promoter's own holding: pledgedSharesPct ÷ promoter holding × 100; blank when the quarter is not listed
Input fields
pledgedSharesPct, promoter holding
Source of record
FinEdge · /api/v1/shareholdings/summary/{symbol}?period=quarterlyFinEdge · /api/v1/shareholdings/pattern/{symbol}?period=quarterly
Refresh
Recomputed nightly (06:30 IST job); rows older than 3 days are excluded from screens

Market Cap

Hard exclude input
Formula
Close × paid-up equity shares ÷ 10,000,000 (₹ crore)
Input fields
close, paidUpEquityShares
Source of record
Upstox · public historical candles, NSE_EQ|{ISIN} (no auth)FinEdge · /api/v1/daily-quotes/{symbol} (fallback)FinEdge · /api/v1/shareholdings/summary/{symbol}?period=quarterly
Corporate actions
Adjusted for corporate actions before use
Refresh
Recomputed nightly (06:30 IST job); rows older than 3 days are excluded from screens

What each figure means

Distance from 52-Week High (%)

How far the current price is below the 52-week high. A breakout stock is within 10% of its annual peak.

Low is better

Price vs 52-Week Low (%)

How far the current price is above the 52-week low. Confirms the stock has made a meaningful prior move.

High is better

Average Daily Volume (shares)

Average daily shares traded. Required above 100,000 to ensure the stock can be entered and exited without significant impact.

High is better

Stock Price (₹)

Current market price per share. Minimum ₹10 required.

High is better

Try the rule

Type hypothetical values to see which conditions they satisfy. These are not real stocks and nothing here is stored.

  • Close Price > 252-Day High (ex-today)—
  • 20-Day Average Volume > 0—
  • Daily Volume ÷ 20-Day Average Volume ≥ 1.5—

Enter values to begin

How sensitive is it?

How many stocks pass if this threshold were set differently. Counts only; no stocks are named.

A worked example

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Sign in with a completed risk profile to check any stock against this rule.

Evidence

What the harness measured

In the past data we checked, we could not tell the stocks this screen picked apart from the ones it left out. We looked back over 64 months. Each month we checked whether the stocks this screen picked did better, over the following month (21 trading days), than the stocks it didn't pick. We score that from -1 (the picks always did worse) to +1 (always did better); 0 means no pattern. This screen scored -0.0044. As a measurement, the score is essentially zero. If the screen had no real edge, a score at least this far from zero would show up about 39 in 100 by luck alone. That does not mean the screen is wrong; it still works for narrowing a list of stocks by your own rules.

This is a record of the past, not a prediction.

Information coefficient-0.0044-1 to +1; 0 means no pattern
IC p-value0.392how often luck alone would do this
Net Sharpe (out-of-sample)-0.73per year, after estimated trading costs
Deflated Sharpe probability0.001Deflated against 2 trialsthe chance it truly beats holding the index, after marking down for flukes
Annual turnover12.0how much of the portfolio is replaced each year
Out-of-sample months64months we checked, using only what was known at the time
Universe:
Today's Nifty 500 constituents (survivorship-biased: delisted names are absent)
Data window:
2019-04-01 → 2026-09-25
IC basis:
Full-sample (not out-of-sample)
Portfolio:
rebalanced monthly, 21 trading days, net of estimated costs, for a fixed position size per stock
Versions:
qp21f-nifty500-2.0.0 / 0.1.0 / 2.0.0
Record:
99960fff-d22

Live monitoring

Not yet testable — 5 of 6 points needed to chart a rolling information coefficient.

  • 5-day IC -0.008 · signal date 2026-10-13 · n 4477
  • 22-day IC -0.017 · signal date 2026-09-10 · n 3881

This is a historical, statistical measurement produced by FINOME TECHNOLOGIES PVT LTD's research harness on past data. It is not a prediction, and past results do not indicate future results. The universe is today's Nifty 500 constituents, so the sample is affected by survivorship bias. It describes how a screen's selections behaved in the past and does not constitute investment advice or a recommendation.

Run this screen

Run this screen

Rule version 1.0.0

Questions

How is this screen calculated?
Each stock is tested against 3 conditions using figures computed from exchange prices and company filings, adjusted for corporate actions. The rule is versioned; this page shows version 1.0.0.
How often does the screen update?
The figures are recomputed once each trading day after the nightly compute. A stock whose figures are more than three days old is left out rather than shown stale.
Is this investment advice?
No. This is educational material describing a screening method. It does not recommend any security and does not consider your circumstances.
Educational use only — GoQuant is a research tool. This page explains a screening method and is not a recommendation. Investment advice is provided by FINOME TECHNOLOGIES PVT LTD (AltQube), SEBI-registered Investment Adviser, registration no. INA000018373, under a signed advisory agreement and after a risk profile. Past performance is not indicative of future results.