Chartink Scanner

A Chartink scanner is a stock screener built on the Chartink platform that filters the NSE universe in near real time against technical conditions you define — such as “close crossed above yesterday’s high with volume greater than twice the 20-day average” — and returns the list of stocks matching right now. Unlike a strategy that watches one chart, a scanner watches the whole market and answers “which stocks are doing X at this moment?”

Scanners are written in Chartink’s condition-builder rather than code, which made it a favourite of non-programmer traders in India. A scan can be run manually, scheduled, or attached to an alert that fires whenever new stocks satisfy the conditions during market hours — and that alert is the hook automation platforms use to turn scan results into orders.

Example

A momentum scan: NSE cash stocks where the 15-minute close crosses above the opening range high, price is above ₹100, and turnover exceeds ₹10 crore. At 10:15 am the scan alert fires with three symbols. An automated pipeline receives the alert, applies its own risk rules — say ₹5,000 risk per stock with a 2% stop — and places the entries, instead of the trader frantically typing three orders. Illustrative workflow, not advice.

Why it matters

Scanner-driven trading is a different shape of system from single-instrument strategies: the edge claims to live in selection (catching whichever stocks move today) rather than in timing one index. Automating it removes the practical bottleneck — by the time a human reads a 10:15 alert and places orders, much of the move may be gone — but position sizing and stop discipline across multiple simultaneous signals still need explicit rules.

In INDfolio AI, Chartink scan alerts connect to broker execution with your risk rules applied — see Chartink automation.