Glossary | How to Qortle

Picks & trading modes

Conviction score: How strongly Qortle's agents agree on a pick, shown as a percentage (for example 84%). Labels such as Buy or Strong Buy sit on top of it.
Scoring agents: Specialised AI agents — Technical, Sentiment, Risk, Market Regime and more — that each score a stock. Their views combine into the conviction score.
Universe: The pool of stocks Qortle scans, such as Nifty 50, Bank Nifty, Nifty Next 50, Nifty Midcap 150 or Nifty Smallcap 250. Extra universes are available as add-ons.
Trading mode: How long a trade is meant to be held: Scalping, Intraday, BTST, Swing, Options or Futures. Higher plans unlock more modes.
Intraday: A trade opened and closed on the same trading day.
BTST: Buy Today, Sell Tomorrow — bought in one session and sold in the next.
Swing: A trade held for a few sessions to a few weeks — for example 3–8 sessions.
Scalping: Very short trades that last minutes, within the same day.

Entry / Trigger: The price at which the trade plan starts.
Stop-loss (SL): The price at which you exit to limit the loss if the trade goes against you.
Targets (T1, T2, T3): Prices at which you book profit. A plan may suggest booking part at each target, for example 33% · 33% · 34%.
Risk:Reward: Possible loss to the stop-loss versus possible gain to the target. 1:2.4 means you risk ₹1 to make ₹2.40.
Trailing stop: A stop-loss that moves with the price in your favour, so part of the gain is locked in.
Invalidation: The level or event that proves the idea wrong — shown as “What would invalidate this” on a strategy page.

Win rate: Share of evaluated picks that closed with a return above zero (wins ÷ total).
Average return: Mean realised return % across all evaluated picks in the window — wins and losses.
Sortino ratio: Return per unit of downside risk — average return ÷ deviation of negative returns only.
Alpha vs Nifty 50: Each pick's return minus the benchmark index's move over that pick's own holding window.
Days held: Calendar days from the recommendation date to exit (0 for intraday and scalping).

Market mood: A gauge from Panic to Euphoria (Panic · Fear · Neutral · Optimistic · Euphoria) showing overall market sentiment.
India VIX: The market's expected volatility for NIFTY over the next 30 days. Higher means more fear.
FII / DII flow: Net buying (+) or selling (–) by foreign (FII) and domestic (DII) institutions in the last session.
PCR: Put-Call Ratio — open interest in puts ÷ calls for NIFTY 50 options. Traders use it to read sentiment.
Advance / Decline: How many stocks rose versus fell (Nifty 500) — a measure of market breadth.
% above 200-DMA: Share of Nifty 500 stocks trading above their 200-day average — another breadth measure.

SMA 20 / SMA 50: Simple moving average — the average closing price over the last 20 or 50 days.
RSI (14): Relative Strength Index over 14 days, on a 0–100 scale. Below 50 means weak momentum; above 70 is often called overbought and below 30 oversold.
MACD: Compares two moving averages. MACD above its signal line is read as bullish; below it as bearish.
Breakout: Price moving above a level it had struggled to cross, such as a recent high or a moving average.
Support / Resistance: Price levels where buying (support) or selling (resistance) has tended to show up.

DigiLocker: The Government of India's digital document wallet. Qortle uses it to verify your Aadhaar.
API key / secret: Credentials from your broker that let Qortle connect to your broker account.
Prorated: Charged only for the days left in your current billing cycle.
SEBI-registered Research Analyst: Qortle's regulatory status: we publish research recommendations. We do not execute trades on your behalf.