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Nifty50 Vs Nifty SmallCap 100This ratio chart between LargeCaps and SmallCaps has been a good retail sentiment indicator. At the extremes, it has been a good contrarian indicator When large-cap underperformance reaches an extreme low and starts to reverse, like in 2024 Sep, one of the 3 scenarios unfolds and seems to last 18 to 24 months 1. Both LargeCaps and SmallCaps correct, but SmallCaps correct even more 2. LargeCaps are relatively stable but SmallCaps are correcting 3. LargeCaps are rallying and SmallCaps are yet to catch up Let's see if Scenario 1 >>> Scenario 2 Ps: This is NOT an investment advice
NSE:NIFTY
by avsrikanth
Correction not over in ITTCS CMP -3784 I had stated before that IT and Pharma is also weak and they will also correct. They have started late and will correct further. Elliott- the iiird wave of C of the zig zag corrective pattern is underway. Below 3760 we will see 3680 and 3590. Nifty IT vs Nifty 50 - on the right is the ratio chart. See how the IT performed better than Nifty during the sharp sell off. Now its time for Nifty 50 to do better. Which also means the correction in IT is still not done.
NSE:TCS
by singh17vivek
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
Pepe Coin: The New Meme Coin Sensation of 2024Pepe coin, a meme coin that’s quickly becoming a legend in its own right, has astonishingly reached the 3B market cap mark, positioning itself as the 3rd meme coin ever to achieve such a feat. This remarkable achievement comes after a staggering 400% gain in just the last week. 🔥 Currently, it stands proudly at the 40th rank by market cap and an impressive 9th rank by volume in the last 24 hours . Let’s take a closer look at Pepe coin and see why everyone’s talking about it. 👇 ✅ Pepe’s Market Performance: A Quick Overview The buzz around Pepe coin is palpable, and it’s already being hailed as one of the top meme coins of this cycle. And guess what? The real euphoria hasn’t even kicked in yet. 🔥 Pepe is coming out of the long-term accumulation range, and with the crypto market starting a new bull cycle, the momentum is going to accelerate soon. The current candles’ range and the volumes are a testament to the underlying strength. ✅ Comparative Analysis: Pepe vs. Doge ⚡️ Structural Similarities between PEPE and DOGE If we place Pepe and Doge alongside, it’s like looking at two sides of the same coin . The market structures and fractals of Doge from 2020 to 2021 bear a striking resemblance to Pepe’s current trajectory. And what do the market gods say about history? It is often similar and repeats itself! 👀 At the moment, it looks like Pepe is right at the same stage as Doge was in 2021 , when it started it’s monster rally. The momentum building up around Pepe suggests we’re just at the beginning of what could be an exhilarating euphoric phase. ⚡️ Relative Performance of PEPE and DOGE Since there’s no symbol for PEPEDOGE, we can make a ratio chart by dividing PEPE by DOGE to make a custom symbol. Looking at the chart, Pepe has significantly outperformed Doge by over 300%. I’ve used the latest swing as a reference because it’s the most relevant point in the current scenario, as meme coins have been rallying from that point onwards. ✅ Broader Market Context ⚡️ Relative Performance of DOGE and BITCOIN We’re examining this chart to grasp how the market context is evolving. Doge has consistently been lagging behind BTC for a couple of years . Both its price and momentum are at historic lows. However, there are early indicators suggesting a reversal and a change in trend. This implies that once the alt season kicks in, Doge will gain momentum and surpass Bitcoin. This context is crucial because it sets the stage for Pepe’s performance, suggesting that its lead over Doge could extend throughout this market cycle. ⚡️ Relative Performance of PEPE and BITCOIN Despite Bitcoin’s dominance, Pepe has been making waves, outperforming the crypto giant and hinting at the immense potential it holds for the upcoming alt season. This strengthens the fact that once the market-wide alt rally begins, Pepe can outperform others by a huge margin. Conclusion Pepe coin’s journey is a fascinating tale of unexpected triumphs and the unpredictable nature of meme coins. Its rapid ascent to a SEED_TVCODER77_ETHBTCDATA:3B market cap and its standout performance in the market are clear indicators of its potential to climb even higher, possibly reaching the $50B mark or beyond. While the crypto market is known for its volatility and surprises, Pepe coin’s current trajectory suggests that it’s on its way to becoming one of the top 10 coins in this cycle. The excitement around Pepe is undeniable, and for those of us watching, participating, or just cheering from the sidelines, it’s a reminder of the thrilling unpredictability that draws us to cryptocurrencies. Thanks for reading. Hope you found it useful. Let me know your thoughts in the comments. Cheers! Disclaimer: This post should NOT be construed as investment advice and is meant for learning purposes only. Please consult your financial advisor before making any investments.
Long
by johntradingwick
5
Market Watch: Assessing the Possibility of an Impending CrashThe financial sector has been experiencing a persistent underperformance, notably reflected in the contrasting trends of Banknifty and Nifty. While Nifty has been consistently marking higher highs, indicating positive momentum, Banknifty/Nifty Ratio Chart, on the other hand, is showing a pattern of forming lower highs. This ongoing divergence between the two indices raises a red flag, signalling potential concerns for market participants. Such a disparity in performance suggests a lack of uniformity in the financial landscape, prompting investors to closely monitor and assess the underlying factors contributing to this divergence. Understanding these trends becomes crucial for making informed decisions in the face of the evolving market dynamics. Investors should closely monitor Nifty for potential immediate tops, especially examining bearish momentum divergence for confirmation. This analysis is crucial for gaining insights into evolving market sentiment and making informed decisions amid potential risks.
NSE:BANKNIFTYShort
by breakout_ninja
HDFC Bank Investors, Beware! 🚨Attached: HDFCBANK/ NIFTY 50 Weekly Chart as of 28th April 2023 The Chart above shows Potential Underperformance lies ahead for HDFC Bank. Investors are better off Avoiding/ Exiting the Stock unless they want to Underperform the Broad Market from here onwards. No alpha is to be made by Holding on/ Buying the Stock at the Current Price This Ratio Chart points to: - Lower Highs - Breakdown Retest - ABC Corrective Wave completion at 1.618 - Downtrend on this Ratio Chart likely to resume
NSE:HDFCBANKShort
by T_Harth
Market Internals still Under Pressure!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 up) by Heavyweights that make up approx. 50-60% of Nifty 50's Weightage while Under the Hood Selling in Rest of the Market will continue as the ones which are in Down Trends are unlikely to see a Trend Reversal Nifty 50 will Deceive you into thinking it is a Bull Market while the Market Internals suggest otherwise! (Note: This is an update to an Old Related Idea titled: 'Market Internals suggest WEAKNESS' but for some reason Trading View platform is not allowing me to update that Idea with this updated Chart I have prepared. Hence, I have created this as a Separate Post)
NSE:CNX500Short
by T_Harth