Free NSE Stock Screener: Filters That Matter

Practical scans for India equities using free TradingView-powered screeners on finstrument.ai—built for liquidity, momentum, breakouts, and risk control.

Pick your universe first

Start by narrowing to a liquid universe so results are tradable. On the Screeners page, select Stocks → India, or focus on NIFTY 50/NIFTY 100/NIFTY 500 depending on your style. This keeps the noise down and the fills realistic.

Liquidity & quality gates

Use these baseline filters to avoid illiquid, jumpy names:

• Average Volume (20D): set a minimum (e.g., ≥ 300k–500k shares) to ensure tradability.
• Market Cap: choose Large/Mid if you want smoother behavior; Small if you seek higher beta.
• Price floor: many traders prefer shares priced > ₹100 to reduce tick/impact noise.
• Price above 50-DMA: a simple quality screen to avoid structurally weak charts.

Momentum & trend continuation

For trend followers, blend short and medium-term momentum:

• RSI(14): > 55 or > 60 to focus on constructive momentum.
• Price above 200-DMA: confirms the broader uptrend; pair with 50>200-DMA.
• Rate of Change / % Change (1W–1M): require positive recent performance to avoid stale names.

Breakouts & strength

To find leaders early, look for proximity to highs and expanding participation:

• Near 52-week high: within 5% of the 52W high flags potential leaders.
• High relative volume: volume > 1.5× vs 20D average suggests real interest.
• New 3–6 month high: useful when 52W is too strict but you still want strength.

Pullbacks & mean reversion

If you prefer buying dips in uptrends:

• Price above 200-DMA but near 20-DMA (or slightly below) for controlled pullbacks.
• RSI(14) cooling from 60–70 back to 45–55 zone, then turning up.
• % off high: 3–8% from recent swing high can provide better entries.

Risk & volatility checks

Keep risk sane as you scan:

• ATR (Average True Range): use ATR% of price to avoid names that are too wild for your stops.
• Beta / Volatility: lower if you want stability; higher for momentum strategies.
• Gap behavior: avoid chronic gappers if you can’t monitor pre-open news.

Simple fundamental overlays

Even technical traders can apply a light valuation/quality pass:

• P/E and P/B: exclude obvious extremes to reduce blow-up risk.
• EPS Growth (YoY): positive or improving is a simple quality indicator.
• Sector filter: compare peers; leaders within a strong sector often trend better.

Example scans you can build today

From scan to action

Click any result to open the full instrument view on finstrument.ai—advanced chart, news, and technicals—then refine entries on multiple timeframes. You can quickly switch context via Markets and Heatmaps to confirm broader conditions.