Intraday Momentum Blast strategy, real trade examples, risk management techniques, and the best intraday stock screener setup for profitable trading opportunities.
Introduction Best Intraday Stock Screener Strategy Setup for Momentum Trading
Intraday trading is all about finding the right stock at the right time. But in a fast-moving market, identifying strong momentum stocks consistently can be challenging. This is where an intraday stock screener becomes extremely useful. Instead of manually checking hundreds of charts, traders can use a well-structured screener to quickly spot stocks showing strong price action, high volume, and bullish momentum during the trading session.
In this guide, we will understand how the “Intraday Momentum Blast” strategy works, how to set up an effective intraday stock screener, and how traders use indicators like RSI, MACD, EMA, and unusual volume to identify high-probability trading opportunities. We will also look at real trade examples, risk management techniques, and ways to customize the screener according to different trading styles.
One of the biggest challenges in intraday trading is finding fresh intraday stock screener ideas consistently. When the market gains momentum, traders need a continuous flow of stocks that provide trading opportunities. Although the Dhan platform already offers live screeners for this purpose, today the focus is on a specific screener called the “IMB” (Intraday Momentum Blaster) screener.
The purpose of this screener is to identify stocks with the highest intraday momentum—specifically stocks that are already in a long-term uptrend and are also showing strong momentum during the current trading session.
This screener can be used early in the morning, during the afternoon, or later in the day before 3:00 PM. Personally, intraday trades are generally avoided after 3:00 PM, and open positions are usually reduced after 2:30 PM.
Table of Contents
To access the screener, first open Dhan Charts and navigate to the “Scan” section. From there, open a blank scan page and click on “Create” to begin setting up the screener.
The intraday stock screenerlink can also be shared separately, but it is important to understand how the screener works and the logic behind each parameter before using it.
Importance of Liquidity and Market Capitalization in Intraday Trading
Regarding market capitalization, there is no strict requirement. However, for intraday trading, large-cap companies are generally preferred because liquidity is extremely important for intraday traders and scalpers.
Small-cap stocks often suffer from low liquidity, which can lead to higher slippage during buying and selling. Poor liquidity can increase trading costs and create unnecessary losses during execution. Therefore, while market capitalization is not a mandatory filter, large-cap stocks are generally safer and more suitable for intraday trading due to better liquidity.
A market capitalization filter of above ₹10,000 crore has been selected. The next step is to apply technical parameters that help identify intraday stock screener currently showing momentum or stocks that are likely to gain momentum.
This screener can be monitored continuously from around 10:00 AM to receive a regular live feed of stocks showing strength during the trading session. The first condition applied is: Current Price > Opening Price
This means the stock must be trading above its opening price. The purpose of this filter is to remove stocks affected by early panic buying or panic selling during market open.
Applying Initial Momentum and Price Filters
After applying the condition “Price > Open Price,” the list narrowed from 555 companies to 206 companies. More than 60% of the stocks were filtered out immediately.
Not all of these remaining companies will continue moving upward, but intraday stock screener trading above their opening price with strong trading activity have a higher probability of sustaining momentum.
The next filter applied is “Unusual Volume.” This means the current day’s trading volume must be significantly higher than normal trading activity.
After applying the unusual volume filter, the list further reduced from 206 companies to 94 companies. These are the stocks currently showing unusually high trading activity during the session.
However, not every stock with unusual volume will necessarily rally strongly. The stocks most likely to perform well are those already moving in a strong uptrend and simultaneously showing strong momentum.
Using Volume and Trend Strength for Stock Selection
The next objective is to identify companies that are already in an uptrend and then narrow the list further to those displaying the strongest momentum.
The next step is to identify intraday stock screener with strong momentum. For this, the condition applied is: RSI > 60
If the RSI (Relative Strength Index) is above 60, it generally indicates strong momentum and suggests that the stock is likely moving in an uptrend. After applying this condition, the list reduced from 94 companies to 69 companies.
However, RSI alone can sometimes show sudden spikes. To confirm the strength of the trend, another condition is added using the MACD indicator. Either the MACD Histogram should be above zero, or the MACD line should be above the Signal line. This confirms that the stock is actually trading in an uptrend.
After applying the MACD condition, 68 out of the 69 companies remained in the list.
RSI, MACD, and EMA Confirmation Strategy
The next filter involves Exponential Moving Averages (EMA). The first condition is: 5 EMA > 20 EMA
This indicates short-term bullish momentum. To further confirm trend strength and sustainability, another condition is added: 20 EMA > 100 EMA
This means the shorter-term moving averages are positioned above the longer-term moving averages, confirming a strong uptrend.
After applying all these filters, the list narrowed down to approximately 39 companies. These companies are currently showing strong momentum intraday stock screener along with a confirmed uptrend.
Although trades would not necessarily be taken in all 39 stocks, this process effectively identifies the stocks that are demonstrating the strongest relative strength and momentum in the current market.
Final Selection of High-Momentum Stocks
Apart from the CPSE and Pharma sectors, most sectors were not trading in positive territory. Even the CPSE sector remained largely flat. The Media sector was up by around 1%, while Pharma was up approximately 2.5%.
Despite this, several stocks identified through the intraday stock screener were trading strongly. Adani Ports and Special Economic Zone was up around 1%, while Adani Green Energy gained around 0.25%. Power Finance Corporation remained flat. Solar Industries India moved up between 3% and 5.25%, Hitachi Energy India gained around 4.5%, and GE Vernova rose nearly 6%.
Most companies identified by the screener were either positive or flat, with very limited downside movement.
Sector Performance and Momentum Stock Examples
For example, looking at Solar Industries India on a 5-minute chart, a clear signal appeared around 9:45 AM when the stock moved above its opening price. That was the first buy signal, after which the stock rallied sharply upward.
A second buy signal appeared later when the MACD indicator generated another bullish crossover, following which the intraday stock screener again moved strongly upward. Two separate trades were executed in the same stock during the day, generating an overall return of approximately 1.5% to 2% in a single trading session.
However, the target is not necessarily 1.5% or 2%. Even a return above 0.6% after brokerage charges and STT is considered sufficient. Once that target is achieved, profits are booked rather than continuing to trade aggressively.
The principle is simple: only booked profits truly matter. Therefore, partial or full profit booking around the 0.6% level is generally preferred.
Similarly, Adani Green Energy also generated a fresh signal around 10:00 AM. Following the signal, the intraday stock screener rallied approximately 2.5% to 3% within two hours.
Trade Execution and Profit Booking Strategy
This is what is referred to as an “Intraday Momentum Blast,” where stocks showing strong momentum and trend alignment become suitable candidates for intraday trading opportunities.
The screener can be refined further by reducing the number of stocks or by adding stricter market capitalization filters according to personal trading preferences.
You can further refine the screener according to your personal requirements. For example, you may prefer intraday stock screener with a market capitalization above ₹10,000 crore, or you may specifically focus on stocks within a range of ₹5,000 crore to ₹20,000 crore. The most important factor is liquidity. Illiquid products should generally be avoided for intraday trading.
The conditions can also be made stricter. For instance, the MACD Histogram is already bullish on the daily timeframe, and the 5-period EMA is active on the daily chart. Additional confirmation can be added by requiring the MACD Histogram to remain bullish on the 5-minute timeframe as well.
Once this additional condition is applied, the number of potential trades reduces significantly. The list narrows down to around 18 stocks.
Understanding Intraday Momentum Blast Opportunities
After applying these filters, the remaining intraday stock screener are generally those showing strong bullish momentum across multiple timeframes.
For example, Hitachi Energy India generated a buy signal on the 5-minute chart around 2:50 PM. Even after that late signal, the stock rallied by around 1%.
Earlier in the morning session, the same intraday stock screener generated another buy signal near market open. Following that signal, the stock moved upward by approximately 3% to 3.5% during the session.
Advanced Screener Customization and Multi-Timeframe Analysis
Similarly, Adani Ports and Special Economic Zone also showed strong bullish momentum under these screener conditions.
However, if only one condition occurs, there is no need to panic immediately because the market may still reverse and continue upward.
This is why the strategy is called the “Intraday Momentum Blast.”
If the final two intraday-specific conditions are removed, the same strategy can also be used for swing trading or positional trading. Similarly, applying the setup on weekly parameters can make it useful for longer-term weekly trading setups as well.
One of the strongest aspects of this intraday stock screener is that it continued performing well even on a day when the overall market was weak. The strategy focuses on identifying stocks that continue showing strong momentum despite broader market weakness.
Case Studies: Hitachi Energy and Adani Ports
The scanner can be applied across different categories of stocks, but liquidity remains extremely important. intraday stock screener with poor liquidity should generally be avoided for intraday trading.
Risk management is equally important. Whenever an intraday position is initiated, an intraday stop-loss should immediately be placed slightly below the entry point and maintained throughout the trade.
The complete “Intraday Momentum Blast” scanner setup has been saved and can be reused with the same conditions for future trading sessions.
Risk Management and Strategy Adaptability
When placing a trade, the process begins by clicking on “Buy,” staying within the “Trading” tab, and then navigating to “Super Order.” Here, Stop Loss and Target levels are always maintained. The “Trailing Jump” feature is also kept enabled, depending on the specific stock being traded.
If this same strategy is applied to Options trading, it should only be used with F&O stocks. In addition, the “Power Scalper” tool can be used. With Power Scalper, the underlying intraday stock screener, Call Option, and Put Option all appear together on a single screen, making Options trading much easier to manage.
Whenever trading in Options, “OT Web” can also be used. Under the “Build-up Positions” section, traders can identify which stocks are currently showing a Long Build-up and which are showing a Short Build-up.
If the trading strategy aligns with a Long Build-up in the market, the resulting price movement can often become significantly stronger.
The “Intraday Momentum Blast” strategy is designed specifically to identify strong momentum opportunities in intraday stock screener trading while maintaining strict focus on liquidity, trend confirmation, and risk management.
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