Outperformer
BAJFINANCE Set to Outperform Index Nifty 50 Attached: BAJFINANCE/ NIFTY 50 Daily Chart as of 18th May 2023
A Double Bottom/ Inverted Head & Shoulder Pattern Breakout is Clear in this Chart
Price is also moving in a Channelized/ Impulsive Manner
And so it is Set the Measured Move Target indicated by the Up Arrow
Similarly, on the Price Chart of Bajaj Finance, Price can head to 7400 as that is the Pattern Target for the same. It is an OUTPERFORMANCE/ BULLISH Setup!
COLPAL Set to Outperform Index Nifty 50Attached: COLPAL/ NIFTY 50 Daily Chart as of 11th May 2023
The above Ratio Chart shows a Classic Bull Flag Setup within an Inverted Head & Shoulders Pattern. This is Bullish Evidence in favor of the Ratio Rallying Upwards
They say Buy Strength and Sell Weakness
Therefore this makes NSE:COLPAL a BUY given its Potential to Outperform!
MARUTI Set to Outperform Nifty 50Attached: MARUTI/ NIFTY 50 Daily Chart as of 5th May 2023
This Ratio Chart has just given a Fresh Breakout Buy Signal implying that for the coming days/ few weeks NSE:MARUTI is all ready to Outperform and take Leadership for Nifty 50
Buy Strength and Sell Weakness
Hence, expect Buying Action in MARUTI Stock from here on is what the Charts say!
HEROMOTOCO- Relative Strength says BUY!Attached: HEROMOTOCO/ NIFTY 50 Weekly Chart as of 28th April 2023
The above Ratio Chart also called a Relative Strength Chart shows that the Stock HEROMOTOCO is set to Outperform the Index Nifty 50 and has given a Buy Signal on this Ratio Chart based on Elliot Wave Theory
Wave 1/ A was a 5 wave Impulse
Ratio retraced to 0.786 in Wave 2/ B as a 3 wave Corrective
AND NOW,
Wave 3/ C to the Upside is set to start/ has started already and this means the Stock is expected to Outperform the Market from here, making it a BUY as you always buy Outperformers because that is where the Strength is!
Note: The Stock has Earnings on 4th May, Thursday
Nifty Small Cap Index signaling Risk On/ Outperformance BiasAttached: Nifty Small Cap 100/ Nifty 50 Daily Live Market Chart
A Possible Trend Change in this Ratio as there is Breakout
And now Small Caps are set to Outperform Large Caps for the coming few weeks
This is Risk On behavior, something has clearly changed on this Chart
GLENMARK- Relative Strength says Buy!Attached: Glenmark/ Nifty 50 Weekly Chart as of 31st March 2023
This Relative Strength (Ratio) Chart clearly shows the Outperformance of Glenmark over Nifty 50 has Started!
The Ratio Chart has given an Inverted Head & Shoulders Breakout with this Week's Candle Close
If you compared Glenmark and Nifty 50 both on a Year To Date basis for 2023, then we get:
Glenmark= Up 9.56% YTD
Nifty 50= Down Down 4.12% YTD
What this Means is that:
Going forward expect Glenmark to keep Outperforming Nifty 50
Your Money is better off Invested in an Outperforming Stock instead of Index Nifty 50
Glenmark Pharma can be one of the Leading Stocks for 2023
This has clear BULLISH Implications for the Stock Price
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Refer to my Related Ideas to see the Analysis of Glenmark's Price Chart which also has Bullish Implications like this Ratio Chart
ZF Commercial Vehicles RetestZFCV has retested its breakout and this can be a great accumulation zone for this stock. this stock is a good fundamentally strong counter which recently came out of a monthly correction. Accumulate at current levels. Can go 3x-5x in the next 3-4 years.
Campus Active BreakoutCampus Active has been continuously going up and looks like a very strong candidate to outperform the market in a very short period of time. Stop loss at 600
BULLISH on KEI INDUSTRIESNSE:KEI
The price has given the breakout from the Triangle pattern. The prices are trading above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. This view is for 1 to 6 months. The Target and SL is given in the charts. The stock is outperforming the NIFTY for 1 year.
Disclaimer : This is my own view and analysis. This is only for educational purposes. This is not a recommendation, call or a tip.
BULLISH on TATACOMMNSE:TATACOMM
On weekly timeframe the price has given breakout from the trendline. The MACD on weekly basis is also bullish. And RSI is also above 50 which shows good momentum. The prices has crossed the moving averages and is above all the moving averages which shows bullishness. The stock has outperformed NIFTY for 2Y timeframe. This view is for 6 to 12 months. The SL level is around 1055 levels. Target 1 is around 1500 levels and after that i will update on the targets.
Disclaimer : This is my own view and analysis. This is for educational purpose. This is not a recommendation, call, or a tip.
Long trade idea Vedl
Trading after 12 long years near life high
copper near breakout
Vedl is a clear play for 500 areas .
on downside strong support at 300-310 areas on longer horizon
outperformed metal index and nifty from past few months
What are Relative Strength charts & how to use them!This is a quick guide into using relative strength charts (or RS charts) that will help you pick stocks that are stronger than the broad market or identify sectors/industries that might outperform the broadmarket.
SEQUENT SCIENTIFIC entered uncharted territoryThe scrip SEQUENT SCIENTIFIC has been outperforming nifty and has given a break out after small consolidation.
Consider buying SEQUENT SCIENTIFIC for target of 200-205.'
Keep stop loss at around 150-152 on weekly closing basis.
***ideas are my own *** please take risk as per your risk appetite ***
ENGINEERS INDIA. Time to Outperform Target 344LONG ENGINERSIN @ 283-285 for Targets 344 & 383.
ENGINERSIN has moved very well since last bottom it has formed in February 2016 around 138. Since then it has been a steady rise for stock. It has been range bound for a while and Clear breakout has been seen last Week Closing above 280.
It will Reach 344 & 383 Levels Soon.
*Sharing Ideas for Educational Purpose Only.
