I created a tool and launched this weekend amongst the investor/trader community, particularly in a small group. This is intended to bring my terminal nearer to a layman who doesn't understand much of trading zingers. Sharing some of the snapshots from the sector analysis part.
01.10.2020
01.10.2020
These two charts show the strength of different sectors based on the stocks ranked in my terminal and the count of them.
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.