Attached: Nifty 100/ Nifty 50 Daily Chart as of 26th May 2023
A Risk On Signal has been generated where Nifty 100 is Set to Outperform Nifty 50 to meet its Cup & Handle/ VCP Pattern Breakout Target
When this happens the Broad Market goes on a Risk On Mode
So Bulls it is your Time/ has been your Time and it is going to Accelerate further in your favor
Play Longs,...
Attached: ICICIBANK/ HDFCBANK Weekly Chart as of 5th May 2023
The above Ratio Chart is Significantly Bullish and suggests that in the coming Weeks/ Months you will see Money flow from HDFC Bank to ICICI Bank (which means ICICI Bank will relatively Outperform HDFC Bank and you are better off going own ICICI Bank instead of HDFC Bank)
Bullish Evidence as...
CNX500 Relative Strength
Attached: Nifty 500/ Nifty 50 Daily Chart as of 21st April 2023
This Ratio Chart is NOT supportive of a Bull/ Risk On phase for the Broad Market. The 500 stocks are likely to Underperform while the 50 stocks are likely to Outperform.
What does this mean you ask?
In simple Layman terms,
it means Index Nifty 50 will be MANAGED (propped...
Attached: Ambuja Cements/ Nifty 50 Daily Chart as of 19th April 2023
A Classic Triangle Setup is visible in the above Ratio Chart
The Breakdown of this Triangle would result in the Ratio Selling Off (AMBUJACEM accelerating its Underperformance vs. Index Nifty 50)
Hence this makes the Stock a Sell Candidate based on Weakness
Well if you also look at the Price...
ITC is outperforming FMCG Index by a big margin and it has given a rounding bottom breakout on weekly charts. All other FMCG Stocks are getting hammered sue to serious high valuations, however ITC which is undervalued is getting attention from portfolio managers and its being bought.
ITC is providing a high dividend yield above Saving rate which is attracting a...
