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

  ASIANPAINT

• NSE

  BAJAJFINSV

• NSE

  BRITANNIA

• NSE

  DIVISLAB

• NSE

  HINDUNILVR

• NSE

  ITC

• NSE

  JSWSTEEL

• NSE

  MARUTI

• NSE

  NESTLEIND

• NSE

  POWERGRID

• NSE

  SUNPHARMA

• NSE

  TATACONSUM

• NSE

  TATAMOTORS