How to Use Price Action Structure
This page explains how to read and interpret the Price Action Structure results. This scanner is designed to identify stocks within a selected index based on pure price behaviour and structural patterns, without relying on indicators. It focuses on how price moves, consolidates, and breaks relative to prior sessions.
The results shown here are for Index: NIFTY 50. Each row represents one stock for one trading day, evaluated using price action characteristics.
Understanding Each Column
Symbol
The stock symbol as listed on the exchange. Each symbol uniquely identifies a company within the index.
Date
The trading date on which the price action signals were identified. All values in the row correspond to this trading session.
Open
The price at which the stock opened when the trading session began.
- Reflects opening sentiment and overnight positioning
- Used in conjunction with high, low, and close to define candle structure
High
The highest price at which the stock traded during the session.
- Represents the upper limit of intraday buying pressure
- Used to identify breakouts and higher-high formations
Low
The lowest price at which the stock traded during the session.
- Represents the lower limit of intraday selling pressure
- Used to identify breakdowns and lower-low formations
Close
The price at which the stock closed at the end of the trading session.
- Shows where price ultimately settled for the day
- Plays a key role in candle interpretation
Higher High
Indicates whether the stock formed a higher high compared to the previous trading day.
- Signals continuation of upward price structure
- Suggests sustained buying pressure
Inside Day
Indicates whether the entire day’s price range was contained within the previous day’s range.
- Reflects consolidation and reduced volatility
- Often precedes expansion or directional moves
Outside Day
Indicates whether the current day’s range exceeded both the previous high and low.
- Represents expansion in volatility
- Often signals strong participation or indecision
Breakout Above Previous High
Indicates whether price traded above the previous session’s high.
- Signals potential bullish continuation
- Often confirms strength when accompanied by strong close or volume
Breakdown Below Previous Low
Indicates whether price traded below the previous session’s low.
- Signals potential bearish continuation
- Often confirms weakness when accompanied by a weak close
Bullish Candle
Indicates whether the stock closed above its opening price.
- Reflects net buying pressure for the session
- Suggests bullish sentiment on the day
Bearish Candle
Indicates whether the stock closed below its opening price.
- Reflects net selling pressure for the session
- Suggests bearish sentiment on the day
How to Read This Data Holistically
This scanner should be interpreted by observing how multiple price action signals align, rather than relying on any single pattern.
- Higher highs combined with bullish candles suggest trend continuation
- Inside days highlight consolidation and potential breakout setups
- Breakouts and breakdowns gain reliability when supported by strong closes
What This Scanner Indicates
- Current price structure and short-term trend behaviour
- Consolidation, expansion, and breakout patterns
- Pure price-based strength or weakness
What This Scanner Does Not Indicate
- It does not predict future price movement with certainty
- It does not provide entry or exit levels
- It does not replace volume or broader trend analysis
Important Notes
- Price action signals are more reliable in trending markets
- Single-day patterns should be confirmed with follow-through
- Always consider higher-timeframe structure and market context
Disclaimer: This information is provided for educational and analytical purposes only and should not be considered trading or investment advice.
Data Update Frequency
Price Action Structure data is updated after market hours for each trading day.
Summary
The Price Action Structure scanner helps identify stocks within an index based on how price behaves relative to recent sessions. It is best used to understand market structure, spot consolidation and breakout conditions, and assess directional bias using price alone.