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:

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

  ADANIENT

• NSE

  COALINDIA

• NSE

  GRASIM

• NSE

  ICICIBANK

• NSE

  ITC

• NSE

  M&M

• NSE

  RELIANCE

• NSE

  TCS

• NSE

  WIPRO