Currently, we are only offering raw alerts of different categories with no filters. So if you're subscribed to ICICI Bank then you'll start receiving all the company's corporate alerts right away.
What if we can filter the alerts and make it more specific? Something like IF THIS THEN THAT statements.
When you hear of a limit order, that is one type of trigger. For example, a limit order is really saying - If stock X trades at Y price, then buy/sell stock Y at Y or better. It's all IF THIS THEN THAT. Previously triggers were known as conditional orders, but with fintrig they are getting a makeover.
- IF my TCS stock reaches 40% returns, THEN alert me to sell 3/4 of my TCS holdings.
- IF Infosys reported more than 20% profit in recent financial year, THEN alert me to buy 1,000 Infosys shares.
- IF BJP won the 2019 election, THEN alert me to buy Reliance shares.
- IF the RBI hiked the repo rates, THEN alert me to sell Banking stocks in my portfolio.
In the old world, we could only trigger on a very limited set of data like the last traded price of a stock, yearly lows/highs and percent change on days. While these are important indicators, the possibilities of triggering on any real time data is essentially endless. Ever wish you could trigger on RBI repo rates? Or on elections of a United States? That world is opening up, straight on your phone.
That's how Fintrig is planned to revolutionize the stock market industry by combining technical, fundamenetal, economic, political and portfolio events.