Daily Scan stock for buy near market open at 09:15 hrs(opposite for sell)


A) FIRST 5 MIN CANDLE OPENs AT LOW AND CLOSEs AT HIGH.
B) First Five min candle volume is up to 4th highest as compared to  last 21 candle volume.
c) First Five min candle Range is up to 4th highest as compared to last 21 candle range.
d) slope of Simple moving average 20,40,200 (all three) UP.
e) Preference is given if the first 5 min candle also crosses 200 day SMA.

How to make entry?
Normally  take entry on Reverse divergence based on woodie CCI and Price ON 25 MINS OR 75 MINS TIME FRAME.

what are the targets and SL
Woodie system of trading has well defined SL as well as targets

Important point: wait for a reverse divergence to happen( on low volume) else you may get trapped.Also above condition if fulfilled is just a system to collect few stocks, which you may like to trade on intraday basis, and Buy simply means look for buy in the stock based on other paramaters.

I have implemented above in Software to scan such stocks

Disclaimer: only for education purposes