The stock market is volatile, with trends shifting between periods of growth and decline. As investors and traders work to stay ahead of these changes, chart analysis becomes crucial to their strategy. Traders can predict potential price shifts by analysing the chart patterns and price movements. However, with various chart types and multiple timeframes to consider, the task of interpreting these indicators can quickly become overwhelming.
I am using the All-Chart Matrix by Definedge to find the stocks that have turned bullish or bearish on multiple charts.
The All-Chart Matrix consolidates stock analysis across multiple chart styles and timeframes. Instead of manually analysing individual charts, traders can use the matrix to access a comprehensive view of a stock’s performance.
The scanner will scan the multi-timeframe and multi-chart types and score based on the trend. A score of 1 is allotted to the Bullish trend and 0 for the bearish trend. The highest total score is bullish and the lowest is bearish.
This scoring method enables traders to quickly identify whether a stock is trending positively or negatively across multiple charts, helping them make swift decisions without getting bogged down by individual chart analysis.
We ran the scanner on the Nifty50 constituent, andhere are three stocks that have scored 15 on the All-Chart Matrix, indicating strong bullish trends across multiple timeframes and chart types (as of the closing of 7th March 2025):
- Hindalco
3. Tata Steel
Interestingly, all of these stocks belong to the metal sector, which appears to be a strong area for traders to focus on.
Currently, only 3 out of 50 stocks have achieved a perfect score of 15 in the matrix, while the remaining 47 stocks continue to display a mixed trend. This raises the question of whether Nifty’s move from 22,000 to 22,500 is merely a bounce or the beginning of a trend reversal.
A clearer confirmation will emerge once the matrix reflects healthier data, with a greater number of stocks attaining the ideal score of 15, signalling broader market strength.
Disclaimer:
Note: We have relied on data from throughout this article. Only in cases where the data was unavailable have we used an alternate but widely used and accepted source of information.
The purpose of this article is only to share interesting charts, data points and thought-provoking opinions. It is NOT a recommendation. If you wish to consider an investment, you are strongly advised to consult your advisor. This article is strictly for educative purposes only.
Brijesh Bhatia has over 18 years of experience in India’s financial markets as a trader and technical analyst. He has worked with UTI, Asit C Mehta, and Edelweiss Securities. Presently, he is an analyst at Definedge.
Disclosure: The writer and his dependents do not hold the Stocks discussed in this article. However, clients of Definedge may or may not own these securities.
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