This is a useful scanner for swing trading. User can use the oversold stocks NSE screener to scan stocks whose stochastic is less than 20 to get perfect entry point. This indicates buying or entry point. This is useful for stock buyer, Future contract buying, “Call option” buyer or “Put option” writing. But wait sometimes stochastic remains below 20 and shows to move up but reverse from middle and traps many. This is a false trend and you can identify it using advance technical analysis much before. Sometimes stochastic remains below 20 but still it go down and down. It has also reason and you can know it much before that it will move in SOR pattern and also you can know how much it can further move down. So using advance technical analysis you can learn how to identify it much before to get clean points.

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.