Intraday Fade (Dropped 3% Off the High)
The stock rose at least 3% above the previous close at the day's high, has dropped 3% or more off that high and still trades above the previous close. Liquid stocks only (Rs 5 Cr+).
About This Scan
A stock that spikes at the open and then slides is showing sellers taking over. This scan lists NSE stocks whose day's high was at least 3% above the previous official close, whose price is now at least 3% below that high, and which still trade above the previous close, on Rs 5 Cr of last-session turnover. It finds fades in progress, not stocks that have fully reversed. The mirror scan is Intraday Recovery. For gaps that reverse, see Gap Up Fade.
Scan Rules
Stock passes all of the below filters in the ALL segment using 5M candles:
- 1.Daily High greater than or equal to 103% of 1 day ago Close
- 2.Close less than or equal to 97% of Daily High
- 3.Close greater than 1 day ago Close
- 4.Traded Value (Rs lakh) greater than or equal to 500
Last Session Sample
As of 2026-11-06 15:25, 16 stocks passed every rule. The 5 below are the strongest movers on the list.
| Symbol | Close | Change vs previous close |
|---|---|---|
| NCC | 122.77 | +0.33% |
| MPHASIS | 2520 | +0.4% |
| JSWCEMENT | 123.28 | +0.73% |
| STLNETWORK | 39.3 | +1.18% |
| ASTRAZEN | 6420 | +1.26% |
Sign in to see the full list, the sector breakdown, a clickable history of every candle and extra columns. Past matches are not a forecast.
How To Use This Scan
- •Look at the pace. A steady slide with falling highs is more convincing than one sharp drop off the high.
- •Check where the previous close and VWAP sit. A stock approaching both may bounce or break through, so those are the levels to watch.
- •The day's high is the usual stop reference. This scan has not been back-tested for an edge.
Frequently Asked Questions
How is the rise measured?
The day's high is compared with the previous official close from the daily chart, so it is not affected by gaps in the 5-minute data.
Why still above the previous close?
So the list holds fades still under way. Stocks that have already crossed below are not listed.
Does it update during the session?
Yes. It reads the live daily candle, so the list changes with every new candle.