MARKET ANALYSIS: Very Bullish
SECTOR ANALYSIS: Most Rewarding Sector in the past Quarter. Extremely bullish once it crosses 600-650 levels.
STOCK: Has the potential to break the trendline which has provided resistance for the past 10 years and once it breaks with good volumes SOBHA can head towards the lifetime high of 1250 levels and thereafter turn into a...
- Strong weekly closing candle, next resistance 517-520 level
- Either take enter after next resistance break or wait for retest to 450-460 zone
- Realty is booming, buy n dips
DLF broke out with high volumes and is currently trading in a supply zone. This supply zone has been tested several times and DLF's price managed only one time to cross it to hit an all-time high.
We can also see the fall after closing below the supply zone. So, it is important for the price to break the supply zone with high volumes to go for our target and a...
Yesterday Nifty Realty rose 5% breaking out its past swing high. The targets are mentioned on the chart where the profit booking can be done.
Entry on a pullback will give better risk-reward but anyways if you are already in a long position better watch out for the target levels.
We shall discuss the underlying stocks which are showing similar behavior.
As NIFTY is choosing to make new highs this week, I look at different sector performances and their strength against the broader market.
Through sector analysis and relative strength comparison we can find sector booms before they happen.
Also note, the comparisons made below are all relative to CNX500 index, so it doesn't mean that if trend is downwards the...
Watch GODREJPROP this week for a good swing pick if the breakout in the 'Realty' became 'Reality' :P
What so spl in GODREJPROP?
1. Weekly Resistance BO or at trendline resistance.
2. Round bottom BO
3. Above all moving averages.
Realty sector breakout after 10+ years.
After breakout of trendline it may fly high like phrama and metal sector.
Sharing personal observation do investment after consulting your financial advisor.
Please like & comment to motivate.
Happy investing :)