The CANSLIM growth breakout screener NSE combines William O'Neil's CANSLIM fundamentals with technical breakout confirmation. This guide shows you how to filter NSE stocks for earnings growth, relative strength, and institutional accumulation. Start with a techno-fundamental CANSLIM screener to narrow the universe.

20%

Min EPS growth (quarterly)

25%

Min annual EPS growth

80+

Relative Strength Rating

1.5x

Min volume vs 30-day avg

Why Combine CANSLIM with Technical Breakouts?

CANSLIM identifies fundamentally strong companies, but entry timing is everything. A stock with great earnings can still drift sideways for months. By adding technical breakout triggers, you enter only when price and volume confirm institutional buying. Learn how to screen for volume accumulation and institutional buying to spot smart money moves.

The NSE has over 1,800 listed stocks, but only a small percentage meet CANSLIM criteria. Combining filters reduces noise and improves win rate. For example, a stock like Dixon Technologies (NSE: DIXON) showed 30%+ EPS growth and broke out of a cup-base in 2023, leading to a 200% rally. This approach filters for such leaders early.

📌 Key Insight
CANSLIM stocks that break out on 1.5x+ volume tend to outperform the Nifty by 3x over the next 6 months.

How to Build Your CANSLIM Growth Breakout Screener

Start with Earnings Growth — Filter for quarterly EPS growth of at least 20% and annual growth of 25%+. Use the fundamental value screener to get a baseline.

Check Relative Strength — Require a Relative Strength (RS) rating of 80 or higher, meaning the stock outperforms the Nifty 500 index. This is a core CANSLIM component.

Confirm Institutional Buying — Look for rising volume on up days and positive OBV. Use the OBV divergence screener to spot accumulation.

Identify Breakout Levels — Set a buy point at the pivot price of a cup-with-handle or flat base. Use the breakout screener to find stocks near these levels.

Time Entry with Technicals — Wait for a close above the pivot on volume at least 1.5x the 30-day average. Avoid chasing extended stocks more than 5% above the buy point.

💡 Pro Tip
Always check the market direction first. CANSLIM works best in confirmed uptrends; in bear markets, even great breakouts fail.

Key Indicators for CANSLIM Breakout Confirmation

Indicator	Threshold	Signal	Why It Matters
EPS Growth (Quarterly)	> 20%	✅ Bullish	Shows accelerating earnings momentum, a core CANSLIM requirement.
Relative Strength (RS) Rating	> 80	✅ Bullish	Stock outperforms the market, indicating leadership.
Volume on Breakout	> 1.5x 30-day avg	✅ Bullish	Confirms institutional participation and conviction.
Distance from 50-day MA	< 5% above	⚡ Watch	Avoid extended stocks; wait for a pullback to the moving average.
RSI (14)	50-70	⚡ Watch	Shows strength without being overbought; above 70 may be extended.
Market Breadth (NSE Advance/Decline)	> 1.2	✅ Bullish	Confirms a healthy market environment for breakouts.

✅ CANSLIM Breakout Entry Checklist

✓Quarterly EPS growth > 20% and annual > 25%

✓RS Rating > 80 on a scale of 1-99

✓Price above 50-day and 200-day moving averages

✓Breakout on volume > 1.5x 30-day average

✗Avoid stocks with high debt-to-equity ratio (> 1.5)

⚠️ Common Mistake
A common mistake is buying a breakout that is already extended more than 5% above the pivot. Wait for a pullback to the 50-day MA or a new base.

Try It on QUANTSCASE

Use these pre-built screeners to apply the CANSLIM growth breakout strategy. Start with the TF-CANSLIM screener to combine fundamentals and technicals in one pass.

TF-CANSLIM Screener →

Combines CANSLIM fundamentals with technical filters like RS and volume.

Breakout Screener →

Identifies stocks breaking out of consolidation patterns with volume confirmation.

OBV Divergence Screener →

Finds stocks with hidden accumulation before price breakout.

Start screening NSE stocks with CANSLIM + technicals

Find Your Next Growth Leader

Launch Screener — 1,800+ NSE Stocks

This guide is for educational purposes only and does not constitute investment advice.