Hi Traders and Investors,
We know that Watchlists on Dhan are one of the most loved features. Watchlists stand as a vital tool for monitoring the markets and identifying potential stocks and scrips for trading. That’s why we’ve ensured that watchlists are readily accessible on all key sections of our platform, particularly on the web.
As always, in response to the feedback of our users, we have constantly been working to improve the watchlist experience. Consequently, on Dhan, you can track 1000+ scripts in 10 watchlists, in addition to the custom watchlist “Invested” which is customised for you based on your investments.
Additionally, in each watchlist, you can see performance of each script since it was added to the watchlist making it easier to track on Dhan. Beyond tracking prices, you can also create shortcuts for instance access to Option Chain, Options Summary & Futures Summary and directly access it from watchlist itself.
Today, we are thrilled to announce an addition to watchlists on Dhan. It is now even more insightful. You can now track scripts where Open = High (O=H) & Open = Low (O=L) in your watchlist.
Any stocks or scrip available in your watchlist that have Extreme Opening will come with a purple or blue colour tag & text “O=H” & “O=L”. This signifies that the opening price of the stock for the day equals its highest or lowest price for the day, at that time.
If the stock has O=L tag i.e. open price equals low price, it means that the stock has moved only upside today and buyers are/were more aggressive than the sellers. Similarly, in case where the stock has O=H tag i.e. opening price equals high price, it means that the stock has moved only downside today and sellers are/were more aggressive than the buyers.
These tags will be updated twice; first at 9:08 AM basis the pre-market session. And second, when the market opens at 9:15 AM, depending upon the opening price at 9:15 AM. Additionally, at 9:15 AM, both tags of O=H and O=L will be visible for the same stock. This will prevail until price fluctuates due to further trading activity in those stocks.
Please note that these tags are updated in real time. For example, let’s say HDFC’s opening price at 9:15 AM was Rs. 1,600. Thereafter, the price stayed below this level till about 1:30 PM. From 9:15 AM to 1:30 PM the tag of O=H will be visible for HDFC. At 1:31 PM when HDFC price reaches Rs. 1601, the tag will disappear. Thus, the tags will be automatically updated in real time by the system, based on price movements.
At Dhan, we recently made this feature along with key insights available for Option Chain. With the overwhelming response, we have now extended the same feature to Dhan Watchlists as well. Also, we will be coming up with a feature where you can track all the stocks with “Extreme Opening” at one place in the near future.
This Open = High/Low feature is currently live on Dhan App. We will also be bringing it on other Dhan platforms. We will eagerly wait for your feedback. Let us know below in the thread what other insights you wish to see in watchlists.