KALMATOpen Sky — the all-time-high screen
Stocks building bases where no one is waiting to sell at break-even, checked after every close.
What the screen finds
Open Sky surfaces stocks that are basing at or just under their all-time highs. The scan requires a proper resting structure — weeks of sideways trade, controlled pullbacks, a defined pivot — with that pivot sitting at, or within reach of, the highest price the stock has ever traded. It is not a list of stocks that merely went up; it is a list of stocks that went up, stopped, digested the move in an orderly way, and are now pressing against a level above which no share has ever changed hands.
The market logic
Most resistance on a chart is human: people who bought higher, sat through a loss, and promised themselves they would sell the moment they got back to even. Every rally into their old prices meets that supply. A stock at an all-time high has none of it — every single holder is in profit, so nobody is waiting overhead to be made whole. That is the open sky. Breakouts from these levels contend only with profit-taking, not with regret, which is why the pattern has been studied so closely by generations of chart readers. It remains an observation about where supply is absent, not a guarantee about what demand will do.
How to read the output
Each row shows the base under the high, its length and depth, the pivot, the distance from the last close to it, and the relative-strength rank. The uncomfortable part is deliberate: everything on this list looks expensive, because a stock at an all-time high always does. The screen’s job is to separate an orderly base at highs from a vertical, over-extended chart — the first is a setup, the second is usually a chase. What a valid first day above the pivot looks like is the subject of the guide to breakouts.
Distance matters as much as direction. A stock sitting 2% under its pivot after six quiet weeks is a setup being watched; a stock 25% above its last base is an extension being admired. The daily count of names basing at highs is also a breadth reading in its own right — such setups are plentiful in healthy markets and scarce in sick ones, and the number is published as exactly that: an observation.
Honest limits
An all-time high says nothing about how far a move has already run: a stock can print new highs in the last, late stage of its advance, and late-stage bases fail more often than early ones. Open Sky cannot tell the second base from the fifth on structure alone — the episode history on each stock page helps, but judgement remains yours. Breakouts at highs still die in weak tape, and the screen reads price and volume only. Counts are what the rules found after that close; they are not a forecast.
KALMAT Screener is educational. It is not SEBI-registered and nothing on this page is investment advice or a recommendation to buy or sell any security.