NIFTY ConsumptionThe sector is breaking out in ratio chart and considering week market enviorment, defensive are expected to give positive returns in near term
Search in ideas for "RATIO CHART"
NIFTY MediaIt is about to break out in ratio chart. So keep eye on media stocks. They may outperform in coming days.
ICICI Bank set to Dethrone HDFC Bank!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 follows:
- Massive Inverted Head & Shoulder Bottom Pattern has formed implying Upside for the Chart
- RSI in a Bullish regime since October 2017
- The RSI Bullish Divergence that started in October 2017 also marked a Trend Reversal point for the Chart, prior to which the Trend was Down
- Higher Highs and Higher Lows clearly point to an Up Trend in this Ratio Chart
- Fundamental Analysis of ICICI Bank too is confirming with this Chart
As an Investor,
you are better off Owning ICICI Bank and Dumping HDFC Bank
And as a Trader,
Long ICICI Bank NSE:ICICIBANK and Short HDFC Bank NSE:HDFCBANK makes for a Highly Profitable Pair Trade
NIFTY ITIt is bouncing from the support zone in ratio chart. It implies that it will outperform the NIFTY in near term. Further to that, some rating agency has downgrade the India IT, it is sign that near term bottom is done in IT. Keep SL of the support zone. Here none is right all the time.
PRAKASH IndI will buy it at ratio chart support line. Not near breakout point. As per my understanding current breakout if happens then it will be late stage breakout where higher chances of getting stopped out
BANKNIFTYThis is weekly ratio chart of Banknifty and Nifty. It is early to say but if this closing comes below channel then Banknifty may start underperforming the Nifty.
CNXPHARMAIt is breaking out in ratio chart that means in coming days pharma will be outperforming the NIFTY. Strong stock from this sector can be bought.
NIFTYMEDIAIn ratio chart it has given brekout. Study some stocks related to media and take entry as per risk appetite.
all-time high breakout at EMUDHRAOn the #EMUDHRA daily chart, there is an all-time high breakout. eMudhra Ltd has outperformed the #Nifty, which is also confirmed by the Nifty/EMUDHRA ratio chart.
I compared #EMUDHRA vs. the #Nifty and its peers from November 11, 2022, and discovered that it has outperformed both the #Nifty and its peers in the sector.
BSE: 543533
NSE : EMUDHRA
ONLY FOR #educational NOT SEBI REGISTERED #LEARNEARN
It's my analysis, and it's 100 percent possible that I'm wrong. So, please don't believe in me; do your own analysis before investing.
#sharemarket #MultiBagger #relativestrength #stocks #StocksToBuy #RatioChart #Growth
all-time high breakout at SYRMAOn the #SYRMA daily chart, there is an all-time high breakout. #SyrmaSGS has outperformed the #Nifty, which is also confirmed by the Nifty/SYRMA ratio chart.
BSE: 543573
NSE : SYRMA
I compared #SYRMA vs. the #Nifty and its peers from November 23, 2022, and discovered that it has outperformed both the Nifty and its peers in the sector.
ONLY FOR #educational NOT SEBI REGISTERED #LEARNEARN
It's my analysis, and it's 100 percent possible that I'm wrong. So, please don't believe in me; do your own analysis before investing.
4-point curveline breakout at SURYODAY#SURYODAY daily chart, there is a 4-point curveline breakout. The reversal is also confirmed by the Nifty/SURYODAY ratio chart.
I compared #SURYODAY vs. the #Nifty and its peers from November 01, 2022, and discovered that it has outperformed both the #Nifty and its peers in the sector.
BSE: 543279
NSE : SURYODAY
ONLY FOR #educational NOT SEBI REGISTERED #LEARNEARN
It's my analysis, and it's 100 percent possible that I'm wrong. So, please don't believe in me; do your own analysis before investing.
#sharemarket #MultiBagger #relativestrength #stocks #StocksToBuy #Nifty #RatioChart
double bottom(W) breakout at TATAELXSIOn the #TATAELXSI daily chart, after a 45.42% correction from the lifetime high, a double bottom(W) breakout occurred, which means a reversal. The reversal is also confirmed by the Nifty/TATAELXSI ratio chart.
I compared #TATAELXSI vs. the #Nifty and its peers from October 14, 2021, and discovered that it has outperformed both the Nifty and its peers in the sector.
BSE: 500408
NSE : TATAELXSI
ONLY FOR #educational NOT SEBI REGISTERED #LEARNEARN
It's my analysis, and it's 100 percent possible that I'm wrong. So, please don't believe in me; do your own analysis before investing.
COLPAL Set to Outperform Index Nifty 50Attached: 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!
a double bottom (W) breakout at SONACOMSOn the #SONACOMS daily chart, there is a 5-point curveline as well as a double bottom (W) breakout. The reversal is also confirmed by the Nifty/SONACOMS ratio chart. I compared #SONACOMS vs. the #Nifty and its peers from 07/11/2022 and discovered that it has just started outperforming both the #Nifty and its peers in the sector.
BSE: 543300
NSE : SONACOMS
inverse head and shoulder breakout at BSEOn the #BSE daily chart, there is a downward trendline as well as an inverse head and shoulder breakout. The reversal is also confirmed by the Nifty/BSE ratio chart.
NSE : BSE
I compared BSE vs. the Nifty and its peers from 12/10/2022 and discovered that it has just started outperforming both the Nifty and its peers in the sector.
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
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)
Inverse Head and shoulders breakout at DELHIVERY On the #DELHIVERY daily chart, there is an Inverse Head and shoulders breakout. The reversal is also confirmed by the Nifty/DELHIVERY ratio chart.
BSE: 543529
NSE : DELHIVERY
I compared #DELHIVERY vs. the #Nifty and its peers from 28/10/2022 and discovered that it is currently outperforming both the Nifty and its peers in the sector.
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)
TITAN- Relative Strength says SELL!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 the Nifty 50 Index Top 20 Heavyweights
So as they Sell Weakness and Buy Strength
Hence, Look for Short Opportunities in Titan
Market Internals suggest WEAKNESSCNX500 Relative Strength
Attached: Nifty 500/ Nifty 50 Daily Chart as of 21st March 2023
- I am watching this Ratio Chart to turn down after Retesting a Confluence Zone
- Its looking Bearish currently post a Rising Wedge breakdown and Three Black Crows candlestick pattern
- It signals Weakness in the Broad Market relative to the Index.
- This Chart had Topped out in Sept 2022 and since then there has been Under the Hood Selling in the Market.
This is a Leading Indicator of the Broad Market Strength/ Weakness
And comes under the Study of Intermarket Analysis
#HCLTECH Low Risk LongsWith the slight upturn in Ratio Charts of Nifty IT/Nifty. This stock is a good LRL.
