I am not an expert at using screens or scanning sectors using some tools. But being a market observer, I am usually clued into a lot of stocks. In the terminal I use I often put up a variety of stocks in the watchlist and I have two windows within my watchlist each with nearly 30-40 stocks which I have shortlisted because of their various patterns or any other bullish observations I may have had.
I am in some investor whatsapp groups both fundamental and technical, where there are a continuous stream of recommendations and opinions. If you know how to avoid noise in these groups, this also can be a good source of ideas to work with. And a lot of friends keep sharing ideas with me.
Being flush with ideas, the first thing I do is to look at the charts of these companies and if I find that there is some kind of uptrend, or consolidation or something else I like, I put details in an excel sheet I maintain for my records. This is usually month by month. Once I scan these charts off and on, I often get a sense of where the strength lies in a particular sector.
I have not used tijori finance, but @Akashdeep has provided a useful tool to use to figure out where the relative strengh is.
So in effect, there are various ways to bell a cat and we can pick and choose what suits us.
| Subscribe To Our Free Newsletter |
