Delivery-Backed Breakout
Buys stocks breaking to within 3% of their all-time high, but only when the breakout is backed by genuine delivery — more than 50% of that day's traded volume settling as delivery, against above-average turnover. Weekly.
Why this is expected to work
Most breakouts fail, and the standard filter for separating the real ones is volume. In India there is a strictly better filter available free from the exchange: delivery percentage. NSE publishes what share of each day's traded quantity actually settled as delivery rather than being squared off intraday. High volume with low delivery is day-trader churn that unwinds by the close; high volume with high delivery means someone took the stock home and paid full value for it. That distinction is invisible in the volume number alone and is the reason this template exists — it is a signal with no US equivalent, since the disclosure does not exist there. The all-time-high anchor works on the disposition effect: investors sell winners too early and hold losers too long (Odean, 1998), so a stock at a new high has no trapped supply of underwater holders waiting to sell into strength.
How the pipeline works
Liquid: traded > Rs 5 cr/day
Keeps rows where turnover > 50000000
turnover > 50000000 Market cap > Rs 1,000 cr
Keeps rows where market_cap > 10000000000
market_cap > 10000000000 Within 3% of all-time high
Keeps rows where close >= (all_time_high * 0.97)
close >= (all_time_high * 0.97) Majority delivered, not churned
Keeps rows where delivery_pct > 50
delivery_pct > 50 20-day average turnover
Computes avg_turnover_20 = @SMA(turnover, 20)
@SMA(turnover, 20) Turnover above its own average
Keeps rows where turnover > avg_turnover_20
turnover > avg_turnover_20 20 largest breakouts
Selects the top 20 by market_cap
What this template teaches
- delivery_pct — an India-specific microstructure field
- all_time_high as a breakout anchor
- Stacking a confirmation filter behind a price signal
Delivery Percentage: The Volume Filter Only Indian Markets Have
Volume tells you how much traded. Delivery percentage tells you how much was actually taken home. For separating real breakouts from intraday churn, the second number is far better — and it does not exist in US markets.
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