IT sector is showing a huge divergence with respect to NIFTY 500. The relative strength is on a decline but the price is surging up. This seems to be a classic distribution pattern. In the near future we might see slowdown in IT stocks. The price action is also showing a broadning pattern which indicates high voltality in price action. Time to risk off in IT stocks?
SRF is in uptrend with price breaking out previous swing high with positive RS but it is done with a divergence on RSI so 2621 level on closing basis is now crucial to validate this breakout, if sustained long trade can be initiated else could correct upto 10 %.
Here is HDFC Bank Supertrend positive both 2 hourly and daily RS positive Both 2 hourly and daily RSI is also above 50 Buy at 1490 stop loss 1470
Breakout Above 170 Stock is showing positive relative strength RSI is turning Bullish
JAN- 3 Monthly BO Done Relatively Outperforming the border market Volume pop out on BO RSI Trending SL just below the 21 EMA
Use the below indicator to setup quarterly/monthly/daily view of S&P sector relative strength.
BOB is looking strong and need weekly close above 109 for next entry Relative Strength is positive RSI is Bullish ( above 60)
Analysis Points : - NSE:GINNIFILA - HH - HL Formation - Near Demand Zone - Down move with dry volume - Accumulation by strong hands in past few days. - Outperform Nifty in a month by 14%. - Rounding formation on monthly chart.
Multiple indicators are showing Bullish signs. Hilega-Milega is Bullish. Supertrend is Bullish. Relative Strength is Good as well.
Multiple indicators are showing Bullish signs. Hilega Milega is Bullish. Supertrend is Bullish. Relative Strength is increasing as well.
NITCO is showing a good box breakout pattern in weekly with volumes Weekly RSI is bullish Relative Strength is strong Price above 200ema, Trend is Bullish
Mold tek in a good consolidation range with increase in volume near resistance with RSI above 60 and Relative strength is rising. A good breakout can be expected above 780
Breakout done & Re-entry at 78-82 levels RSI is extremely Bullish and at oversold zone. wait for cool off Relative Strength is Positive and Strong MACD is positive
Breakout Above 2450 RSI is Bullish MACD is bullish Relative Strength is positive
Balrampurchini Box consolidation Entry is above 350 Relative Strength should come above 0 line RSI should cross above 60
Newgen soft is in a range of consolidation for last 5 months, a good breakout above 645 with volumes will give a long entry. Relative strength is above 0 and we will wait for the value to come above 0.10 for more strength RSI is bullish above 60 in daily time frame
We published our initial idea on NIFTY/S&P500 in Oct'21 where we highlighted the long-term resistance which was at play for the ratio chart. That resistance played its role well and now we are at the diagonal trendline support which was created during Mar'20 fall. This is also the 200DMA as well as 200WMA zone for the ratio. Will the Nifty/S&P500 hold this support...
NIFTYMETAL/NIFTY relative strength chart is getting a bullish support as the price is pushing out of the triangle resistance zone. The 200DMA (green line) is supporting the bullish price action. Further, the price is retracing from the 38.2 Fib zone of the bigger range. We are bullish on the Nifty metal index in the coming weeks with target at the top of the...