Cigniti Technologies Ltd 1) Time Frame - Monthly. 2) The Stock had given an All time high breakout & It has been in a Consolidation since (November, 2023). Now It has given a Consolidation breakout & Closed above it's (November, 2023) High with good bullish momentum candle in Weekly Time Frame. One can consider entering here with weekly TF or Should wait for the...
SL : 72 Target:110-120 1. High Volume 2. Momentum 3. Higher Relative strength Add 50% now & 50% on pullback between 75-79
Upcoming Week / Days Looks like Auto Sector is going to outperform The formation of the Chart Nifty Auto Looks interesting RSI is overbought zone, whenever RSI goes above 70 the tendency of the sector is to fall back & touch the 21/50 day EMA giving an ample opportunity to buy stocks in the sector Though RS (Nifty) is above 0 still looking nice for an upmove
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...
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: Nifty Pharma Daily Chart as of 26th June 2023 - Today Price has triggered another Breakout closing above the Green Trendline and thus activating a Fresh Up Leg for the Pharma Sector and Stocks alike - This is the 2nd Breakout Trigger (marked by arrow) and the 1st Breakout Trigger was the activation of the Cup & Handle Pattern for which Price is yet to...
Attached: COPPER/ SILVER Daily Chart as of 20th June 2023 The Ratio has given a Breakout from a Cup & Handle/ VCP Pattern today Within the Commodity space it appears that Base Metals are doing better than Precious Metals And so this Ratio can head higher to retest the 0.5 Fibo retracement level as the 1st Upside Target (marked on chart with arrow) Technical...
Attached: Daily Chart as of 16th June 2023 Holding above 182, a Target of ~ 200 is pending🎯📈 Rationale behind this Setup: - Observe Multiple Volatility Contractions as Price is forming a VCP - Strength on any Dip as it gets bought - Higher Highs and Higher Lows are intact - Price trading near 52 week high zone - PSU Banks are doing better than Private Banks so...
Introduction: In the dynamic world of trading, identifying relative strengths and weaknesses among stocks and indices is crucial for maximizing profits. This idea focuses on the underperformance of ICICIBANK compared to the Nifty 50 index. By analyzing the daily charts and employing a ratio chart, we can spot a potential opportunity for a pair trade. This write-up...
based on RSI divergence theory expecting upside in nifty disclaimer - trade @ own risk
Attached: 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!
Fundamentally there is nothing encouraging here however, purely on technical basis, this stock seems to be ready for a big move. RSI breakout is an early indication, and the relative strength of the stock seems to be in a very sweet spot. A triple bottom is adding confidence to this Low-Risk High Reward setup.
Attached: 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!
1. Triangle breakout with Volume and Relative strength is in a bullish trajectory 2. Price target estimated about 195 to 205 by next 3-4 month 3. Some pullback is expected at the current price 4. Strong fundamental and Valuation of the stock 5. Target price is overlapping with the previous trend of the stock. ***I am NOT a SEBI registered advisor or a financial...
Attached: 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
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...
Attached: Titan/ Nifty 50 Daily Chart Live Market Hours as of 18th April 2023 The Ratio Chart signals that TITAN has completed Wave A/ 1 and done a retracement in Wave 2/ B and now the 3rd Wave/ C Wave Down is to Start This implies that on a Relative Basis, TITAN is likely to MASSIVELY Underperform Nifty 50 Index Today Titan is also One of the Top Losers from...