Use the overbought stocks NSE screener to scan stocks whose stochastic is more than 80 to get perfect entry point. This indicates stock may change its trend to down. This is useful for Future contract short selling, “put option” buyer or Call option writing. But wait, sometimes stochastic remains above 80 and still it move up and up trapping Put option or Future short seller. It has also reason and you can know it much before that it will move in BOD pattern and how much it can move further up. So using advance technical analysis you can learn how to identify it much before to get clean points and avoid trap.

Disclaimer: Technical Analysis charts and tools provided are algorithm based and only for learning and research purpose. Please be aware of risk involved and consult your own financial advisor.