The idea
aftermarkets' conviction engine evaluates each stock across seven independent factors: delivery volume, trading volume, price trend, bulk and block deals, market breadth alignment, FII/DII flow direction, and upcoming catalysts (corporate actions and material filings).
When multiple factors align in the same direction (all bullish or all bearish), the stock receives a higher conviction score. The system assigns one of four bands — Strong, Moderate, Emerging, or Weak — plus a directional stance of Bullish, Bearish, or Neutral.
Why multi-signal convergence works
Any single signal can be misleading. A volume spike might be a one-day event. High delivery might be a single block deal. But when delivery is high AND volume is spiking AND institutions are buying AND the broader market is supportive — that convergence is hard to fake.
This mirrors how professional fund managers think. They don't buy on one indicator; they look for confirmation across multiple independent sources. The conviction engine automates this cross-referencing.
Core factors vs context factors
Not all factors are equal. The engine separates them into two roles.
Core factors determine stance. These are the directional inputs:
- Delivery — delivery percentage combined with delivery-day price change
- Volume — current volume ratio combined with today's price change
- Price trend — SMA alignment, weekly return, recent close progression
- Deals — bulk and block deals within the last 5 trading days
Context factors confirm, never determine. These lift the band when aligned with stance, but don't create a stance on their own:
- Market breadth — advance/decline ratio
- Institutional flow — 5-day FII/DII net direction
- Event catalyst — upcoming corporate actions and material filings (7-day window)
This separation is deliberate. A stock with weak fundamentals shouldn't earn "Strong Bullish" just because FIIs were net buyers of the index that day. Context confirms what the stock itself is showing.
Reading the bands
- Strong — multiple core factors firing in the same direction, plus context confirmation. Rare. High confidence in the stance.
- Moderate — several core factors aligned. More common. Directionally suggestive but not slam-dunk.
- Emerging — two core factors beginning to align. Early signal. Worth monitoring, not necessarily acting on alone.
- Weak — factors are mixed or contradictory. No clear institutional consensus.
On stock pages
Open any stock page and you'll see the conviction badge in the strip just above the tabs, with the full breakdown inside the Overview tab. For stocks at Strong or Moderate band, the breakdown is expanded by default; for Emerging or Weak, it's collapsed.
Open the conviction leaderboard