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BSE Capital Goods- Relative Strength signaling RED FLAGS!Attached: BSE Capital Goods/ BSE Sensex Daily Chart as of 13th April 2023 The Ratio Chart has given Warning Signals of what is about to come for the Capital Goods Sector, the Warning Signals are as follows: 1) A Broadening Wedge Pattern (see the Blue Trend Lines marking the Pattern) 2) A Double Top formation within the Broadening Wedge Pattern (see the Red Curve and the 2 Down Arrow Marks) 3) Triple Bearish RSI Divergence is also visible 4) MACD is currently in Sell Mode 5) ADX is below 25 meaning range bound (this means a Trend is about to start, biased for the Downside given the other signals) All the Signals I have mentioned are Bearish for the Chart which mean that if it comes to play then the Capital Goods Sector (including Stocks that make up the Sector) would be confirmed to be an UNDERPERFORMER for the coming 2-3 Weeks (till the Downside Target gets met on the Ratio Chart at least) You may look at Stocks within the Capital Goods Sector for Shorting as some of them have already given Sell Signals like L&T and SIEMENS (these 2 are on my radar)
BSE:CGShort
by T_Harth
2
Cement Stocks in DANGER!🩸Attached: Custom Cement Index/ Nifty 50 Daily Chart as of 21st April 2023 (Note: The above Chart is my Custom Cement Index made up of all the F&O Cement Stocks and this is the Ratio/ Relative Strength Chart version of it, against Index Nifty 50. This gives us an idea of the Relative Strength of the Cement Stocks and used to find out whether they are likely to Outperform or Underperform.) Observations as follows: Price based: - A Clear Double Top Breakdown on the Ratio Chart with Break of Support accompanied by Bearish Power Candles!🩸 - The Ratio was in a Down Trend prior to the Range that formed. Presently the Ratio has rejected from the High of the Range and can head to the Low of the Range - If you Zoom Out on this Chart or go to the Weekly TF, a Bear Flag/ Wedge Pattern is also visible Indicator based: - Daily RSI is now in Oversold (below 30) territory indicating a Strong Bear - Daily MACD which was already in Sell has crossed below the 0 line - DMI is in Sell and ADX may start to turn up All the above Observations signal that the Cement Stock Basket is likely to Underperform🐻/ are Potential Short Candidates📉 ! Some names that have Short Setups are: ACC, AMBUJACEM (already shared in my Related Ideas), ULTRACEMCO, GRASIM, JKCEMENT
NSE:ACCShort
by T_Harth
AMBUJACEM- Relative Strength says SELL!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 Chart which I have not shared here but it also has a Classic Triangle Setup with a Bearish Bias just like its Ratio Chart
NSE:AMBUJACEMShort
by T_Harth
GAIL- Relative Strength says BUY!Attached: GAIL/ NIFTY 50 Daily Chart as of 12th April 2023 As you can see in the Attached Chart, there are 3 Bullish Signals hinting that the Ratio Chart is likely to Rally Up: 1) Cup and Handle Pattern Breakout (see Green Neckline)..... whose Target is still Pending as the Chart works its way up 2) Falling Wedge Breakout (see Wedge Blue lines)........ this is clear with today's Candle 3) Price (Ratio in this case) Moving Up within the confines of a Channel (see Black Channel) The Upside Target is shown by the Green Arrow Mark Extending Being a Relative Strength (Ratio Chart) the Signal we get from this says that GAIL is likely to Outperform Nifty 50 in the coming days/ few weeks
NSE:GAILLong
by T_Harth
GLENMARK- Relative Strength says Buy!Attached: Glenmark/ Nifty 50 Weekly Chart as of 31st March 2023 This Relative Strength (Ratio) Chart clearly shows the Outperformance of Glenmark over Nifty 50 has Started! The Ratio Chart has given an Inverted Head & Shoulders Breakout with this Week's Candle Close If you compared Glenmark and Nifty 50 both on a Year To Date basis for 2023, then we get: Glenmark= Up 9.56% YTD Nifty 50= Down Down 4.12% YTD What this Means is that: Going forward expect Glenmark to keep Outperforming Nifty 50 Your Money is better off Invested in an Outperforming Stock instead of Index Nifty 50 Glenmark Pharma can be one of the Leading Stocks for 2023 This has clear BULLISH Implications for the Stock Price ................. Refer to my Related Ideas to see the Analysis of Glenmark's Price Chart which also has Bullish Implications like this Ratio Chart
NSE:GLENMARKLong
by T_Harth
4
NIFTY/SPX THIS CHART SHOWS HOW NIFTY HAS PREFORMED AS COMPARED TO SPX (US MARKETS ) use monthly timeframe THIS IS A RATIO CHART OF NIFTY AND S&P 500 OF US MARKETS . It shows how nifty has outperformed spx ( us markets ) during past time and as an when te ratio hits 4.4-4.6 levels we have witnessed a crash. similar situation is arising as of now . in simple terms india ka bazar 4 times mehnga hai us bazar se tabhi fiis and big institutions are taking out money from india . we will start investing once this ratio reaches near 3.60
NSE:NIFTYShort
by ketansood09
3
Nifty PSU Bank to Pvt Bank Ratio Chart BreakoutNifty PSU Bank Index is outperforming Private Bank Index by a big margin. Current Situation is Similar to 2004-2008 Period where maximum money was made by Public Sector Banks. Public Sector Banks where NPA's have bottomed out and Banks with High Provision Coverage Ratio has potential to surprise everyone on the positive side. Chart Suggests that PSU Banks can Outperform the Private Banks by Hefty 30-35% in Next 1-2 years. Meaning- If Private Banks Fall by 1.35%, Strong PSU Bank Index will fall just by 1% and on the upside if private bank index rises by 1%, Public Sector Banks will rise 1.35%.
NSE:CNXPSUBANK
by StrategicAlpha
NIFTYIT/NIFTY at the Top of RectangleNIFTYIT/NIFTY ratio chart has been trading in a range for the last 9 months since Sep'20, as shown in the rectangle pattern. The chart is breaching the top trend line of the pattern with momentum. RSI, the momentum indicator, never reached oversold conditions at the two times the ratio touched the bottom of the rectangle, indicating strength. The RSI is also well above 50 and in bullish zone. Based on this ratio chart, we can expect NIFTY IT to outshine the NIFTY index in the coming weeks if a breakout happens successfully. We will be monitoring the price action and keep this segment updated as and when we see a successful breakout or a fake out/breakdown.
NSE:CNXIT
by vipulmehta817
Why You should Buy The Dip, Rather Than Getting Freaked Out.What i am publishing is the ratio chart of Maruti to Hindunlever every time the bottom in Ratio chart of Maruti to HUL has coincided with bottom in Nifty & overall markets. The simple thought behind why this happens is that Maruti represents discretionary spend where as HUL is consumer staple stocks where you wont cut spending even if economy is doing worse. At bottom ratio represents that pessimism towards discretionary spend has increased compared to absolute necessary spend. historically such a pessimism has resulted in good buying opportunity over next few years. So if you are building portfolio use whatever dip you get in Nifty as an opportunity to buy Good Quality discretionary stocks & even small & midcap stocks.
NSE:MARUTILong
by Akshay15
3
Will Gold sustain its Bull Move !!! DOW/GOLD ratioAs can be witnessed from the ratio chart of Dow vs Gold that its trading at its crucial support of 14.15 levels whereas the current ratio is 14.45. Correlation between the pairs is almost -0.98 which is a perfect negative correlation. Hence we assume there is a minor space to fall till that crucial level of 14.14 levels. Any trade near that ratio may be bullish for the DOW and Negative for Gold. If the ratio falls till that levels then the possible levels for the Dow would be :- 24400 levels.
FX:US30
by nishant.bali.12
Infy: Sell the FlagIn my previous post this downtrend was anticipated quite far back See >> Currently price is in the middle of the range (1015-921) specified in the above post, which is also around 61.8% retracement. Expect some pullback from this zone. But this pullback should be weaker and so far it is weak. Watch for price action before shorting. Any impulse on the upside above the flag will nullify this trade. Setup: Bear Flag Entry: Let the flag pattern complete and break on the downside. The higher the price goes in the flag, the better. Stop: As per risk appetite Targets: 951 and lower..see chart.
NSE:INFYShort
by Bravetotrade
It’s Time For Media Sector To Start A Rally ✅Media sector is silent from last 5-6 months and one is talking about this but as per my analysis big players are making position and CNX Media will outperform Nifty50 for next several months. ✅Big players and fund managers are always monitoring these ratios. They use this data to make informed decisions about their investments. Also they only need to outperform Nifty50 so these ratio charts help a lot. ✅No one in the market will explain this to you like this ,consider reallocating some funds to CNX Media stocks also.
NSE:CNXMEDIALong
by Marketik