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Identify stocks matching multiple strategies simultaneously — filtering down to institutional consensus
The Conviction Ranking scanner processes 32 distinct quantitative and fundamental screener models nightly. By aggregating individual hits into a single count, it highlights stocks where multiple independent strategies are firing simultaneously. This guide covers how to interpret scan counts, verify the 7 readiness indicators, understand row caps, and apply a top-down workflow.
The Conviction Ranking is an institutional-grade scanner that ranks Nifty 500 stocks based on the number of individual Finmagine screener presets they match simultaneously. Out of 32 distinct screener models evaluated nightly (spanning growth, quality, value, momentum, turnaround, and institutional ownership), the stocks at the top represent names where multiple strategies are converging.
In quantitative investing, this is known as strategy confluence. When a stock is flagged by a single screener (e.g., Value Buys), it may be a decent candidate. But when the same stock is simultaneously flagged by Quality Compounders, FCF Machines, RS Momentum, and Promoter Conviction, it indicates a highly unusual alignment that is typically driven by aggressive, multi-week institutional accumulation.
To help you determine how close a high-conviction stock is to an actionable entry point, the page displays a Readiness Badge (formatted as X/7). This represents how many of our 7 proprietary trade setup filters are currently met. Hovering the badge displays the status checklist:
| Signal Key | Readiness Metric | Description & Thresholds |
|---|---|---|
| near_52wh | Near 52W High | Stock is within 10% of its 52-week price high. Strong resistance is close to being cleared. |
| near_ema10 | Hugging 10 EMA | Price is within 3% of its 10-day Exponential Moving Average. Shows a tight pull-back entry point. |
| rs_tier | RS Rating ≥ 60 | Stock has strong relative price strength (A-Tier or S-Tier), outperforming at least 60% of Nifty 500 peers over 12 months. |
| sector_breadth | Sector Breadth ≥ 60% | The stock belongs to a sector where at least 60% of constituent stocks are trading above their 50 DMA. Indicates strong sector tailwinds. |
| ecs | Earnings Catalyst Score ≥ 70 | The stock achieved an Earnings Catalyst Score (ECS) of 70 or higher in its recent quarterly results (strong fundamental growth momentum). |
| pead | Active PEAD Drift | A Post-Earnings Announcement Drift signal is active (volume surge and price breakout detected within 30 days after earnings). |
| tone | Positive Management Tone | The AI Guidance Tone Tracker detected a score of 60 or higher on the management concall, showing strong positive guidance. |
The **Min Scans Matched** chip filter allows you to select the baseline level of strategy confluence:
To balance system resources and reward premium members, access to the Conviction Ranking table is tiered:
| Access Tier | Row Count Cap | Available Scan Filters | Data Scope |
|---|---|---|---|
| Guest & Free Users | Max 40 rows | Exactly 2 scans matched only | Access to baseline confluence lists, displaying up to 40 stocks. Higher filters are locked. |
| Premium Users | Max 200 rows | Full access: 2+, 3+, 4+, and 5+ scans | Complete table of up to 200 high-conviction names. Access to guidance tone, catalyst scores, and advanced filters. |
Do not buy a conviction stock in isolation. The highest-probability trades occur when a high-conviction setup aligns with broad market health and sector rotation. Use this 4-step workflow:
Open the Market Breadth Guide. Confirm that broad market indicators are supportive (e.g. Nifty 500 above 50/200 DMA is $\ge 50\%$). If breadth is expanding, setups are far more likely to follow through.
Open the Sector RRG Guide. Identify which sectors are inside the Leading quadrant or showing constructive trails in the Improving quadrant. Focus your attention on those sectors.
Filter the RS Momentum Scanner by the leading sector to find individual RS S-Tier (80–99) leaders in that space.
Open the Conviction Ranking table and filter by the leading sector. Look for stocks with 3+ scans matched and high Readiness scores (4/7 or higher). When a stock matches 3+ screeners, belongs to a leading sector, and shows tight pullback consolidation (Hugging 10 EMA), it represents a high-conviction setup.
Finmagine gives you 30+ computed financial ratios, sector benchmarks, FII/DII flows, the Finmagine Score, and AI-powered analysis — all in one place.