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

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

  APOLLOHOSP

• NSE

  CIPLA

• NSE

  EICHERMOT

• NSE

  GRASIM

• NSE

  LT

• NSE

  NTPC

• NSE

  POWERGRID

• NSE

  TATACONSUM

• NSE

  TECHM

• NSE

  ULTRACEMCO