Stocks Near Monthly Demand Zone (NSE, Nifty 100)

How do you read this table?

Each row is one stock and the single nearest qualifying demand zone on monthly candles. Prices are in rupees and come from the latest end-of-day close, so they will differ from the live price during market hours.

How is this scan built?

The list is produced by the same zone detector that draws the demand and supply overlay on StockNotify charts. The rules are fixed and applied identically to every stock, so the output is consistent, but it is still an automated reading of price structure and can miss context a person would see.

1. Universe: the current Nifty 100 constituents as published by NSE Indices, refreshed weekly. Stocks outside the index are not scanned.
2. Candles: end-of-day daily, weekly and monthly candles for each NSE equity — about fourteen months of daily history, ten years of weekly history and the full monthly history available.
3. Candle classification: each candle is labelled with the 50% rule. A body larger than half the candle's range is an exciting candle; anything smaller is a base candle.
4. Zone marking: DBR, RBR, RBD, DBD and without-base patterns are marked body-to-wick: the proximal line at the base candle bodies and the distal line at the furthest wick. The still-forming latest candle is ignored when drawing structure.
5. Filters: zones broken by a close beyond the distal line, zones tested twice or more, and zones without good closing — where none of the first three leg-out candles closes beyond the leg-in candle — are discarded. Each remaining zone gets a score out of 7.
6. Proximity: for each stock the nearest remaining demand zone at or below the last close is taken. The stock is listed if price is inside the zone or no more than 3% above the proximal line.
7. Order: rows are sorted by distance to the proximal line, nearest first, and then by score.

How should you use this list responsibly?

Treat every row as a prompt to study a chart, not as a decision. A zone near price is only one input; trend, higher-timeframe context, results dates and position size matter as much as the zone itself.

1. Verify it on the chart. Open the stock in StockNotify or your own charting tool and check the base, the leg-out and the freshness yourself. Look for news, results or corporate actions that could override the zone.
2. Plan the risk before anything else. Decide the price at which the idea is wrong — in this method, just beyond the distal line — and size the position so that being wrong costs a small, fixed share of your capital. The position size calculator does the arithmetic.
3. Set an alert instead of watching the screen. Create a free StockNotify account and set a price alert near the proximal line, or track a planned entry, stop loss and target with trade lifecycle alerts.