How to use custom scanners on ArihantPlus?
On Arihant Plus, there are Custom Scanners, which are most frequently used by traders. Simply select one sub-type of scanner such as Bullish Breakout, Long Time High, and select EMA like 5 EMA, 10 EMA and get the list of potential stocks you’d want to trade in.
Bullish and Bearish Breakout are the most popular scanners, as traders typically watch breakouts closely. It helps them identify which stock will break through their support (bearish) and resistance (bullish) levels and then make a significant price movement up or down. By using the Arihant Scanner to spot breakouts, you can find opportunities to get in early on these large price movements. Breakouts happen over a wide range of timescales, so breakout stocks can be a target for day, swing, and longer-term traders alike.