CNXREALTY (NiftyRealty) BREAKOUT 1W TF- The stocks in the real estate sector will be in the spotlight in the coming days due to a strong breakout on the WEEKLY chart.
- Keep them on your radar.
Sector_analysis
NMDC BULLISH SYMMETRICAL TRIANGLE WAIT FOR BREAKOUT AND ENTER
1.SYMMETRICAL TRIANGLE
2.OVERALL POWER SECTOR LOOKING BULLISH
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Kotak bank shortNifty finance is looking weak.
The Relative strength is showing bearish divergence. Among finance, Kotak is the weakest in terms of Relative strength NSE:KOTAKBANK and ROC.
CNXFINANCE (FINNIFTY) | Looks good with the risk rewardCNXFINANCE (FINNIFTY) | NIFTY FINANCIALS - Looks good with the risk reward
CMP : 15412
SL : 15000
Target : 16100, 16300
Nifty Auto SectorLooks like Auto Sector set to go up
Charts suggest a good breakout of the trend
RSI trending up and >55levels
RS is also trending up, though its still negative
Wait for couple of days Auto Sector looks good
FMCG Sector on good support. Go long now in FMCG stocksPlease see the chart for the levels. You can go long in FMCG stocks like ITC, Britannia & Hindustan Uniliver for small stop losses.
Will be sharing the charts of ITC, Britannia and Hindustan Uniliver for more clarity
NIFTY PHARMA | Looks good with excellent risk rewardNIFTY PHARMA | Looks good with excellent risk reward
GLENMARK
BIOCON
looks good with risk rewards (Indvidual charts attached in comment section)
Nifty Pharma yet to rally more-Pharma sector yet to rally more upto 12000, 12900, 13500
-Also it is considered as defensive sector like IT
-Currently bank nifty weightage is decreasing and pharma is having only 3.2% weightage it can go upto 5-6%
Reliance Short.Sector is Weak. Nifty is down. Trend is down. Analysis is poing towards short. Everything is set. short it and book your profit according to my target. #Illuminati.
Double bottom formed in Nifty reality sector.Double bottom formed in reality sector.
W pattern or double bottom formed exactly near 0.5% retracement level
Same bottom formed in 2 times..
Very bullish sign. we can go long with same keeping same low as stop loss i.e 251.
Risk reward ratio is awesome here
metal sector looks bearishIn weekly, after a strong uptrend, head & shoulder pattern formed then price broke the neckline and pattern confirmed.
Bolinger band is in downtrend and price is pushing the lower BB downwards.
So we can see selling pressure in metal stocks like tatasteel, hindzinc, welcorp, hindalco, vedanta etc.
most of the sectors looks bullish in short to medium termAfter the recent correction in feb and mar month, most of the sectoral indices showing hidden bullish divergences in weekly time frame. They are:
small cap
mid cap
realty
energy
commodity
consumption
service
So we may expect a good recovery from the current dip and continuation of the medium term uptrend.
