ScannersStrategies

Comparative RS Bearish Divergence

This scanner will identify stocks with a bearish divergence within Nifty 50, where the stock's price forms higher highs, but its Relative Strength (compared to Nifty 50) forms lower lows, indicating bearish bias. You can refer to the following links to know more: Video: https://youtu.be/kDIxVIw_RF4 Blog: https://tinyurl.com/relative-strength

Universe

Nifty 50

Time Frame

1 Day

Conditions

Period max(20, High(-1) ) higher than Period max(20, High(-21) ) and Period max(20, High(-1) / Symbol(INDICES_NIFTY 50, High(-1) ) ) lower than Period max(20, High(-21) / Symbol(INDICES_NIFTY 50, High(-21) ) )

stocks

  • NSE

    BAJFINANCE

  • NSE

    EICHERMOT

  • NSE

    GRASIM

  • NSE

    HDFCBANK

  • NSE

    ICICIBANK

  • NSE

    NESTLEIND

  • NSE

    RELIANCE

  • NSE

    SUNPHARMA

  • NSE

    TECHM

  • NSE

    WIPRO