Top stocks according to the CANSLIM approach
Markets have become unpredictable and volatile in recent times, which may be attributed to a variety of global and local events. In this post, we listed the top Nifty 500 stocks using the CANSLIM approach.
Nifty 50 on April 25, 2022, fell dramatically as investors worried about the global economy's impact from the spread of Covid-19 in China. The index finished at 16,954 at the end of the trading day, down 1.27 per cent.
Yesterday, Nifty 50 fell with a gap-down but found support around its 200-Day Exponential Moving Average (EMA) of 16,878. If the Nifty 50 closes below this level, then it is expected to fall further. In the short term, the range of 17,000 to 17,300 might operate as a powerful resistance band. The broader market's advance-decline ratio is at its lowest since March 7, 2022.
In such a case, it makes perfect sense to invest in companies that are not only fundamentally strong, but also technically strong, and the CANSLIM approach may assist you in this respect. CANSLIM is a strategy for screening growth stocks that combines fundamental and technical research tools.
William J. O'Neil, the founder of Investor's Business Daily, created this approach. The acronym is also known as CAN SLIM. CAN SLIM is an abbreviation meaning C – current quarterly earnings, A – annual earnings, N – new product, service, or management, S – supply and demand, L – leaders or laggards, I – institutional ownership, and M – market direction.
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Stock
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Revenue Growth Qtr YoY (%)
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Revenue QoQ Growth (%)
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Month Volume Avg Primary Exchange
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FII Holding Change QoQ (%)
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EPS Qtr YoY Growth (%)
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RSI
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Month Change (%)
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PVR Ltd.
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1,252.8
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410.4
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12,75,315
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1.4
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80.1
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40.8
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-6.2
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RHI Magnesita India Ltd.
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170.5
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25.6
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3,42,865
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0.3
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133.0
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54.1
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1.6
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Easy Trip Planners Ltd.
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142.0
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98.1
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27,45,126
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0.9
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83.1
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61.1
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19.3
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Brightcom Group Ltd.
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130.1
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83.1
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31,88,683
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10.3
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30.8
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42.2
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-6.5
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EIH Ltd.
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103.9
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58.8
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11,23,858
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0.2
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167.0
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46.9
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5.8
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