Ratio Chart Nifty Pharma vs NiftyRatio Chart Nifty Pharma vs Nifty
Nifty Pharma clearly outperforming Nifty
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Nifty BankNifty Ratio ChartRatio Chart gives hint about which sector (here index) may outperform or remain strong in comparison to other...
Sectorial Ratio chartsThis analysis is to see some of the ratio charts of different sector in comparison to Nifty, which in my opinion can give a directional edge to traders for short to medium term in terms of identifying which sector may be outperforming wider market.
Pharma Index / Nifty ratio chart is suggesting a falling wedge BO on weekly charts and possibility of Pharma outperforming for comings weeks is higher with RSI divergence and also MACD signal showing strength.
#Banknifty
Banknifty / Nifty - C&H breakout and as seen since last few months - Banknifty continue to outperform Nifty and may still continue to lead
#CNXFinance
Financial sector is also outperforming nifty, looks like buy on dips setup
#CNXIT
CNXIT vs Nifty is showing weakness but is oversold, chances of bounce back - but may still continue to underperform wider market.
#Realty
Reality sector is showing signs of outperforming Nifty in coming weeks, with falling wedge visible on ratio charts along with MACD & RSI showing good signs
#FMCG
FMCG ratio chart can give a C&H breakout, overall looks +ve
#CNXAUTO
No clear strength or weakness in comparison to Nifty, looks like at par
GOLD SILVER RATIO CHARTThis is a ratio chart ... represents Which one is Outperforming GOLD OR SILVER.
I have used Futures chart reference as ratio . It clearly represents a breakout is likely on the higher side . which means Gold will outperform Silver for some time
resistance are clearly shown for ratio chart.
Nifty/VIX - Ratio chartIts the Ratio of Nifty and India Vix
Vix is a volatility indicator as we all know.
So when there is any volatility, we need to verify if it is true or not.
This ratio will give you more clarity on if a rise or downfall is true or fake.
In the end, it will help you in making you a near perfect entry for portfolio !!
At the top of the rising channel, Vix is expected to settle between 12 & 15.
So at 1800 on this Ratio chart, Nifty should be 21600 & 27000 as per the calculations in Mid 2023.
Let's see :)
Bata Long (RSI and Ratio chart)Analysis of Bata India on the basis of Ratio chart and Trendline
Target - 2900 (Top of trendline)
Analysis on the basis of Ratio chart shows reversal in strength of Bataindia w.r.t to NIFTY. Reversal in strength w.r.t NIFTY and channel breakout are strong signals to buy.
RSI - the RSI continuously staying above 60 further shows momentum in stocks.
Chart is self explanatory.
Please comment if not clear.
Reality sector vs Nifty - Ratio ChartIf you look at the ratio chart for CNX reality against NIFTY 50 benchmark ( weekly timeframe ) you would see that Its taking support at same level which was resistance earlier. which is also support basis Fib retracement. My prediction is that sector will going to out perform nifty for coming weeks... We need to identify good stocks in reality sector for good swing trade
Bullish Island reversal on KotakBank/Hdfcbank Ratio chart.I have been experimenting with pairs trading for quite some time now. I can see there is island gap reversal in kotakbank/Hdfcbank ratio chart. I don't know whether it is going to work but it will be interesting to see how it unfolds from here.
The trade you are supposed to take is Short Hdfc Bank Futures & Long Kotak Bank Futures.
Rounding bottom pattern with Ratio chart breakout It has formed a rounding bottom pattern after 2 years consolidation. It has showed Relative outperformance wrt benchmark index for quite a long time. Ratio chart has given a clear breakout. 40% upside is possible in days to come. R:R is favourable as of date.
Strength is coming Ratio chart is showing positive divergence which means index is likely to strengthen against Nifty50.
11300-11100 is the zone to watch out for bottom or wait for positive divergence on daily CNX Pharma chart. Pharmabees is the instrument which can be used for investment.
Disc : It's not an investment advise to buy or sell.
Ratio charts of Sectors compared with NiftyDefault sectors of NSE are compared with Nifty 50. Period used is 3 months, I also see 1 month period before taking a decision. Individual companies charts are of course viewed.
In this case, Media is showing an upside but on observing individual charts of media companies, it's seen that only SunTV is rising. So these things have to be taken in consideration before buying.
GUFICBIORatio chart looks good. One may start buying small quantity and then adding up as it moves in favor
Analyzing BANKNIFTY's Potential Reversal: Technical Insights andBANKNIFTY seems to be forming a Head and Shoulders reversal pattern at its peak. If it breaches the neckline around 44500, a considerable downward movement could follow, potentially targeting the next support at 43300. The projected target of the H&S pattern hovers around the 42800 region.
Adding to the bearish sentiment, both the 10 and 20 EMA are trending downward, exhibiting a small bearish crossover – an additional negative aspect at the moment.
This specific chart represents the Banknifty-to-Nifty ratio. Notably, it's finding support within the marked area. A breach of this level could further substantiate the aforementioned H&S pattern.
Concurrently, the USDINR is developing a continuous wedge pattern. A break towards the top could indicate more challenges ahead. Additionally, this movement lies above the 10 and 40 Week EMA.
Considering all these factors, indications point towards a potential decline. However, it's important to note that if BANKNIFTY manages to surpass the 45140-45150 zone, the H&S pattern might be invalidated, possibly opening up a bigger upward target.
Continuing from the previous analysis, the chart visually depicts BANKNIFTY's potential Head and Shoulders reversal pattern forming at its recent peak. The negative convergence of the 10 and 20 EMA, along with the bearish crossover, adds to the current downward momentum.
Shifting focus to the Banknifty-to-Nifty ratio chart, it's evident that a crucial support level is being respected within the highlighted range.
A breach of this support could substantiate the bearish outlook discussed earlier, associated with the Head and Shoulders pattern.
Simultaneously, the USDINR is tracing a continuous wedge pattern, implying potential further troubles. Worth noting, this pattern is occurring above the 10 and 40 Week EMA.
To summarize, the collective data suggests a potential decline in the near term. However, it's crucial to remain attentive, as a breakthrough above 45140-45150 could alter this projection and lead to a larger bullish move.
#BANKNIFTY #TechnicalAnalysis #MarketUpdate #TradingInsights #ChartPatterns
Capitalizing on Relative Weakness: Short ICICIBANK Long Nifty 50Introduction:
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 aims to provide an analysis of ICICIBANK's current trend, its ratio to Nifty 50, and how traders can profit from this relative weakness.
Section 1: Understanding the Ratio Chart
To gain further insights into ICICIBANK's relative performance, let's examine the ICICIBANK/Nifty 50 ratio chart. This ratio chart compares the price performance of ICICIBANK to that of the Nifty 50 index. By analyzing this chart, we can assess ICICIBANK's strength or weakness relative to the broader market.
The ratio chart reveals a broadening wedge pattern breakdown. This breakdown suggests a bearish outlook for ICICIBANK, indicating a potential continuation of its underperformance against Nifty 50. Additionally, the ratio has been consistently trending within a downtrend channel, emphasizing ICICIBANK's persistent weakness compared to the broader market.
Section 2: Pair Trade Strategy
Based on the technical analysis of ICICIBANK and the ICICIBANK/Nifty 50 ratio, a pair trade strategy can be implemented to capitalize on ICICIBANK's relative weakness.
The pair trade strategy involves simultaneously shorting ICICIBANK and going long on Nifty 50. By shorting ICICIBANK, traders can profit from its anticipated further decline, while being long on Nifty 50 allows them to participate in the potential upside of the broader market.
It is crucial to effectively manage risk when implementing this pair trade strategy. Setting appropriate stop-loss levels based on ICICIBANK's volatility and the overall market conditions is essential. Additionally, continuous monitoring of the ICICIBANK/Nifty 50 ratio is necessary to assess any changes in relative performance and adjust positions accordingly.
Conclusion:
The current technical analysis of ICICIBANK, along with its ratio to Nifty 50, suggests a bearish outlook for the stock. Traders can consider implementing a pair trade strategy by shorting ICICIBANK and going long on Nifty 50, capitalizing on the relative weakness of ICICIBANK compared to the broader market. One has to closely track the above ratio chart for the stop and target level for the pair trade
8 touch points with a curved trendline breakout at POLICYBZROn the #POLICYBZR daily chart, there is a Double Bottom #Breakout and there are 8 touch points with a curved trendline breakout. The reversal is also confirmed by the Nifty/POLICYBZR ratio chart. I compared #POLICYBZR to the #Nifty and its peers over the last 123 trading sessions and discovered that it is currently outperforming both the Nifty and its peers in the sector.
BSE: 543390
NSE : POLICYBZR
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
3 touch points with a curved trendline breakout at FSLOn the FSL daily chart, there are 3 touch points with a curved trendline breakout. The reversal is also confirmed by the Nifty/FSL Ratio chart. I compared FSL to the Nifty and its peers over the last 123 trading sessions and discovered that it is currently outperforming both the Nifty and its peers in the sector.
BSE: 532809
NSE : FSL
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
1.4 Years download trendline breakout at ROUTEOn the #Route daily chart, a downward trendline #brakeout. The breakdown of the upward trendline on the Nifty/ROUTE ratio chart indicates that the trend on the ROUTE daily chart has shifted from downward to upward, implying that ROUTE will soon outperform the #nifty. #StocksToBuy
BSE: 543228
NSE : ROUTE
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
5 touch points with a curved trendline breakout at NIITLTDOn the #NIITLTD daily chart, there are 5 touch points with a curved trendline breakout. A double-top breakdown on the Nifty/NIITLTD ratio chart indicates that NIITLTD will soon outperform the #Nifty. Keep an eye on NIIT Ltd. #relativestrength #stocks #StocksToBuyuy #RatioChart
BSE: 500304
NSE : NIITLTD
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Diverging since 30th Nov: CNXAUTOI was taking a look at the ratio charts of sectoral indices to identify which sector though is going up but in relative terms is slowing down. The one that looked the cleanest is that of CNXAUTO.
1. On the LHS, we have the daily chart of CNXAUTO and on RHS a ratio chart of the AUTO index with CNX500.
2. One look at the blue and red zone, and you can see that since 30th of Nov’23 the CNXAUTO index per se has rallied, but the ratio chart has come down. This means that the rally has underperformed the rally of the broader market.
3. Is this a sign that the AUTO stocks will now correct? Need not be the case, but we can clearly confirm from these readings that the AUTO sector is likely to slow down, which means we are either headed for a consolidation or correction.
4. Considering the fact that the AUTO sector with the overall market is in a strong UP trend, I request not to go contra short blindly, but wait for enough signs of reversal, like a proper well-established divergence based on which you can attempt a sell trade.
5. If you are not into shorting, then do not look to go aggressively long on the AUTO pack at this juncture. Work on your stop losses if you have open positions and wait for better/ lower levels to accumulate.
Trade Well.
