Technical & Price Action
Companies Creating New High is a Technical & Price Action screen. It checks every NSE-listed stock against 1 condition computed from nightly data, after excluding heavily pledged promoters and very small market caps. This page explains the rule, each figure and its source. It lists no stocks and is not advice.
Stocks trading near their 52-week high are showing relative strength — they have resisted every selloff over the past year and emerged near the top. Contrary to the instinct to wait for a pullback, research consistently shows that stocks making new highs often continue higher. The reason: a stock at a 52-week high has no overhead supply of trapped sellers waiting to break even, so buying meets less resistance. This screener does not assess business quality — it is a momentum filter for stocks that the market has been rewarding persistently.
A stock must satisfy every condition below. Conditions are grouped under the pillar they test.
Price Momentum
Hard excludes
Ranked by % From 52-Week High, highest first.
Distance from 52-Week High (%)
How far the current price is below the 52-week high, expressed as a percentage. A value of 3% means the stock is 3% below its highest price in the past year.
Low is better
52-Week High Price (₹)
The highest price at which the stock traded during the past 52 weeks. This is the resistance level the stock is approaching.
The 52-week high is the ceiling. A stock repeatedly testing and holding near this level is showing accumulation — buyers keep stepping in before the price pulls back far.
High is better
Type hypothetical values to see which conditions they satisfy. These are not real stocks and nothing here is stored.
Enter values to begin
How many stocks pass if this threshold were set differently. Counts only; no stocks are named.
Loading the worked example…
Sign in with a completed risk profile to check any stock against this rule.
We could not tell this screen's picks apart from the stocks it left out. That is an absence of evidence, not a finding that the screen is wrong; it is still a valid way to narrow a list by your own rules.
AI-generated plain-language explanation
Each month across 64 months of data we checked, we looked at whether the stocks this screen picked did better over the following month (21 trading days) than the stocks it did not pick. We score that from -1 (the picks always did worse) to +1 (always did better); 0 means no pattern. This screen scored 0.0063. As a measurement, the score is essentially zero. If the screen had no real edge, a score at least this far from zero would show up about 22 in 100 by luck alone. That does not mean the screen is wrong; it still works for narrowing a list of stocks by your own rules. This is a record of the past, not a prediction.
This content has been generated with the assistance of artificial intelligence tools by FINOME TECHNOLOGIES PVT LTD. It is for educational purposes only and does not constitute investment advice, a research report, or a recommendation under SEBI (Research Analysts) Regulations, 2014 or SEBI (Investment Advisers) Regulations, 2013. Not investment advice. Issued in compliance with SEBI circular SEBI/HO/MIRSD/MIRSD-SEC-5/P/CIR/2024/149.
In the past data we checked, we could not tell the stocks this screen picked apart from the ones it left out. Each month, across the whole period we have data for, we checked whether the stocks this screen picked did better, over the following month (21 trading days), than the stocks it didn't pick. We score that from -1 (the picks always did worse) to +1 (always did better); 0 means no pattern. This screen scored 0.0063. As a measurement, the score is essentially zero. If the screen had no real edge, a score at least this far from zero would show up about 22 in 100 by luck alone. That does not mean the screen is wrong; it still works for narrowing a list of stocks by your own rules.
This is a record of the past, not a prediction.
This is a historical, statistical measurement produced by FINOME TECHNOLOGIES PVT LTD's research harness on past data. It is not a prediction, and past results do not indicate future results. The universe is today's Nifty 500 constituents, so the sample is affected by survivorship bias. It describes how a screen's selections behaved in the past and does not constitute investment advice or a recommendation.
Rule version 1.0.0