ANUP engg: A combination of all:
1. Spin-off and new listing.
2. Initial 1st base formation
3. Darvas box formation
4. Wedging up handle.
5. Vols reducing on weekly
6. BDS new high/divergence.
it shows the strength of the stock to nifty. so if a stock is stronger than the index, this line wud go up. if the index is weak and the stock stable then also it wud go up. other cases also valid. so when there are opposite moves btwn the stock move and relative strength line,
we call it divergence. Now, BDS: Big daddy scan gives u point where the stock shows strength. Consider it +ve factor.
BDS: RSL new highs.
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