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      multi-bagger stocks for 2025

      5 Multibagger Stocks to keep an eagle-eye for 2025

      Jindal Saw – Strong Earnings Momentum Ahead

      Jindal Saw – Strong Earnings Momentum Ahead

      Kirloskar Group- A Legacy of 134 Years

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      renewable energy stocks in india

      Top Renewable Energy Stocks in India

      blue chip stocks

      Top 5 Blue Chip Stocks to Buy and Invest in 2023

      Budget 2023: Stocks to keep an eye on

      Budget 2023: Stocks to keep an eye on

      Adani Enterprises FPO: Detailed Analysis, GMP and Review?

      Adani Enterprises FPO: Detailed Analysis, GMP and Review?

      Top 5 Defence Stocks to Invest in India

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      Chart Patterns – Holy grail of Stock Market Analysis

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      StockEdge Version Update : 9.0

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      Beat the street with Sector Rotation Strategy

      Beat the street with Sector Rotation Strategy

      StockEdge Version Update 8.2

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      Derivative Analytics

      An Insightful Research Tool For Derivative Analytics

      Introducing Put-Call Ratio a Derivative Indicator in the Market

      Introducing Put-Call Ratio a Derivative Indicator in the Market

      A Powerful Technical Indicator Beta & Beta Scans

      A Powerful Technical Indicator Beta & Beta Scans

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      Technical Analysis using Edge Charts

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      Identifying High Dividend Paying Stocks

      Understanding the Importance of creating Fundamental Scans

      Understanding the Importance of creating Fundamental Scans

      Using My Combination Scan to Identify best in an Industry

      Using My Combination Scan to Identify best in an Industry

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      Cost to Income Ratio(%)

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      Operating Cost to Assets Ratio (%)

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      StockEdge Version Update : 9.0

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      thematic funds

      Thematic Funds : Everything you need to know

      Understanding Sector Funds and their Benefits to our Portfolio

      Understanding Sector Funds and their Benefits to our Portfolio

      Are Dividend Yield Funds a good option to invest in?

      Are Dividend Yield Funds a good option to invest in?

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      Home Tutorials Fundamental Tutorials
      Using My Combination Scan to Identify best in an Industry

      Using My Combination Scan to Identify best in an Industry

      StockEdge by StockEdge
      September 20, 2019
      Reading Time: 4 mins read
      17.5k
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      Table of Contents

      • My Combination Scan
      • How do you create My Combination Scan?
      • BOTTOMLINE
      StockEdge Pro

      Whenever a Sector story becomes prevalent in a market due to micros or macros we are at our wits end thinking as to what to buy and why.

      What, if we say, that we simplified this problem for you, so that you have an idea for buying in minutes.

      Suppose the Paper sector is moving and you want to know the best company in the sector which can make money for you.

      So for this we have a Sector feature in StockEdge under which you can make your own scan and choose the best company among the same sector or Industry for your investment bet. This is known as choosing between the peers.

      Comparing peers is an easy and efficient way to discover the best stock in a particular industry, for your portfolio.

      Now you must be pondering as to how to identify the best among peers. This sounds tiring and cumbersome at the same time. Don’t worry, StockEdge has a solution to this.

      By using the My Combination Scan under My StockEdge feature you can filter out the potential peer companies and conduct comparative analysis to determine the best investment option.

      My Combination Scan

      A Premium Member can create his own scan by using combination of various scans available under the six broad scan parameters. However, you need to keep in mind that only 10 scans under the parameters can be incorporated in a single combination scan. This way you can create multiple scans for different sectors based on various other criteria’s.

      How do you create My Combination Scan?

      To begin with, first click on My Combination Scan under My StockEdge and then click on Add Combination Scan. There you name the scan, according to your preference and click on Add.

      Once done, click on name and you will get this blank page, with a plus sign on the right corner. Now, click on the plus sign to add scans available under the six broad scan parameters.

      As we are discussing peer comparison, so preferably you need to choose your scans from Fundamental scans segment and Price scans segment.

      For example, here we have chosen four scans, belonging to the above two segments, which are:

      1. Closing Above Previous High
      2. Quarterly Net profit Growth YoY
      3. Increasing Quarterly Sales (Results)
      4. Consistently Paying Dividend

      Filtering Peer Companies

      Once the preferred scans are added, by clicking on ‘Stocks’ you get the list of all stocks that conform to the set scan criteria.

      See also: Narrow Range Scans (NR)

      Then you have to simply filter these conforming stocks using the ‘By Sector’ filter. Once you have selected your preferred sector then select the preferred industry within the sector using ‘By Industries’ option.

      This gives you the list of peer group stocks, using which you can easily conduct peer comparison analysis to determine the best investment option.

      You can also choose the other filters here to limit the stocks in the scan according to other criteria like market cap, price etc to filter stocks.

      See also: Understand Fundamental Parameter of Combination Scan

      BOTTOMLINE

      So StockEdge is the only app where you get filtered information, which helps in making your Analysis faster, better and easier within minutes. So what are you waiting for start using scans today and become a profitable and smart trader cum investor. These scans are part of the premium offerings of StockEdge app.

      Click here to know more about the Premium Plans

      Tags: combination scansFundamental analysisFundamental scansStockedge appStockedge featureStockEdge Scan
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      Comments 9

      1. Prasanna says:
        3 years ago

        If i use a combination of multiple candlestick scans, are these filtering based on OR parameter or AND parameter

        Reply
        • Vishram says:
          2 years ago

          Stockedge is best app so far

          Reply
          • Ganga says:
            2 years ago

            thank you Vishram

            Reply
      2. Jayakumar says:
        2 years ago

        I am good

        Reply
      3. Jayakumar says:
        2 years ago

        I am Jayakumar

        Reply
      4. Jayakumar says:
        2 years ago

        It is very useful

        Reply
        • Ganga says:
          2 years ago

          thank you

          Reply
      5. Manu Jaidka says:
        1 year ago

        very useful

        Reply
      6. Garima says:
        1 month ago

        thanks

        Reply

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