Technical analysis requires a lot of processing even after narrowing down on stocks that fit your shortlisted criteria. This is in continuation of our previous post about stock screener which is called “Live Scanner” on Fyers One. Here I will show you another feature which is useful to get data of stocks which are trending based on our pre-set algorithms. To properly understand the stock screener features in continuity, you should read our previous post.
Needless to mention, stock screeners are the most important and useful features for traders. It helps you progress from inefficient ways of tracking the stock market movements. For instance, if you want to keep a track of bullish FNO scrips, you cannot possibly do it manually because traders have:
• Lack of processing capacity
• Lack of multi-tasking ability
• Lack of time
The above-mentioned reasons are very real and I strongly recommend that you use our stock screener which can do the task in a fraction of a second. Get actionable information that you can immediately use to trade and potentially make better trading decisions than what you would be able to make otherwise using other old trading platforms which are not equipped with advanced features.
To scan stock trends, click on “Tools” in the main menu and select “Trend Scanner”.
The Trend Scanner window will show you a set of scrips with qualified conditions which are technically important. You can select stock trends based on your view on the stock market. You can choose from:
Once you select any one of the above you will get results based on pre-set algorithms which will screen the underlying stock trends accordingly. You narrow down the search in your screener by choosing different stock market indices. Choose from:
• Over 18 different industry groups
• Over 30 different indices
• 180 Underlying F&O Scrips
This wide variety of choices give you a lot of flexibility to find which stocks and sector you want to focus on. It is designed to cater to the changing needs of a trader. Stock analysis is generally a time-consuming process but on Fyers One, you will get a significant trading advantage. We believe that a trading platform should give you all the necessary tools and equipment that can help you make money.
Add to Watchlist – If you want to track a stock which shows up in Trend Scanner, you can add to your watch list by clicking on the highlighted button as shown in the image above. You can create multiple watch lists on Fyers One. As you can see, we have created a sample to show you. You can also add the same stock to different watchlists from here. Also, you can remove stocks from your watchlist if you don’t find it useful anymore.
Let’s assume we you are bullish on the stock market and especially the Nifty 50, you can click on the “Bullish” icon as shown in the image above. As you can see you will get stock screener based on your choice and you can use them accordingly. Take a look at:
SBIN – The screener shows that SBI is 3% above 14 Daily Moving average at 3:29 PM.
SUNPHARMA – The screener shows that it is crossing above the open price and average traded price for the day at 3:29 PM just before the stock market closing.
You can use such information to immediately view the stock chart and see if there is any opportunity to trade it. These screeners are real-time so it can be useful for intraday trading and positional investments. Regardless of your approach, this tool gives you additional information which can help you in several ways.
I recommend you use Fyers One and explore these features. Upgrade your trading platform and feel the difference!
Tejas is the Co-Founder & CEO at FYERS, the youngest team to get NSE’s broker license. He has a specialization in finance and has over 10 years of work experience spanning across proprietary trading, risk management, and broking. Tejas & his team started FYERS, a technology-focused brokerage as a mission to transform the trading/investment landscape in India.