Hello,

How do we find stocks with Pitrowski score > 7 for Nifty 500 universe. Is there a scanner?

Thanks,
Abhijit

I'd like to thank @Brijesh-Bhatia sir @Kaushik-Akiwatkar sir and @Raju-Ranjan sir for introducing the concepts of TOI with smart don, Identifying Trends with Renko, Renko Patterns and Adaptive RSI. I have been practising these with BNF and Nifty and so far the results have been very good.

Thank you. Is any course on Renko coming up soon @Neha-Pandey ?

Hello - I wanted to undestand the logic behind using 3% box value on option charts.

For eg: A bnf atm call or put is priced at let's say 500. If the dbs is used as an exit criteria we are looking at 3% x 5 boxes meaning a risk of 75 pts on an option call / put. Isn't it a bit high ?

Thanks ,
Abhijit

@Neha Pandey Hello, the recomended box sizes for options are 3% & 5%. For eg: Let's say my entry (dtb) for bnf 46600 ATM call is trading at 500 so the dbs will be 425 which is 75 pts. Isn't this too large as a stop loss?

@Raju-Ranjan sir, thank you. Watched yeaterday's video and I can now plot TOI on Renko with Smart Don Indicators.

@Neha-Pandey Thank you. Yes, I saw that very helpful.

@Raju-Ranjan - Raju sir. Are these parameters correct for plotting Renko TOI charts for Nifty and Banknifty.

09.30 A.M

Nifty ATM - Timeframe 5 mins box size 0.25%

Banknifty ATM - Timeframs 5 mins box size 0.25%

D-Smar Line and Donchian Channel default parameters.

If possible could you pleaee make a short video on the plotting of TOI for Nifty and Banknifty.

Thank you Prashant sir, this actually is a brilliant pattern ..

@Prashant Shah Prashant sir, would it make sense to run the turtle breakout scanner on Nifty midcap-small cap 400 on 2% and re-running the same group on 1% with a condition "not a double top buy" for entry?

I ran the probable turtle breakout scanner but then recalled your comment in one of the videos to work with the stocks⁹ which are already in momentum not the probable candidates.

Hello @Mangesh Joglekar Mangesh sir - I ran the RS scanner in tradepoint desktop - Nifty Indices / Nifty 50. The top 2 sectors were reality and Consumer.

Then I ran reality index / reality index to get the top 2-3 stocks.

What I am looking for is
DTB in 3%
DTB in 1%
Not DTB 0.25%, will enter at DTB with initial SL at DBS.

Trade period till DBS gets triggered in 0.25%

Is this the right approach?