Nifty PSU Bank Sector AnalysisPSU Banks reversal from support
Relative Strength is coming above 0 line and turning positive
RSI above 55 will Bullish sign
Sectoranalysis
TCS Bullish Reversal and IT sector Bullish breakoutTCS showing bullish reversal from trendline support
IT Sector is Bullish
Reversal from RSI 50
Relative Strength need to cross above 0 line for more strength
Auto sector analysis Auto sector near/at supply zone area from almost 8 months.
Chances are high for breakout if happens then ready to buy auto sector stocks to book good handsome profit.
ZETA NIFTY SECTOR SCANNER (REAL TIME)Zeta sector scanner scans the stocks sector data in real time and provides which sector is doing well at this time.
Right now 9:53 am BLUE DOTS are showing real estate sector is doing good at this hour. Just chek yourself and use this tool.
An analysis on NSE sectors' relative strength to broader market As NIFTY is choosing to make new highs this week, I look at different sector performances and their strength against the broader market.
Through sector analysis and relative strength comparison we can find sector booms before they happen.
Also note, the comparisons made below are all relative to CNX500 index, so it doesn't mean that if trend is downwards the sector is going down. It just means that if you choose to invest in the top 500 companies vs sectoral index, what would give you a better return. If nifty decides to go down it will pull the whole market down, sectors in uptrend have a better chance of survival, that's all. There can be individual stocks (that may or may not contribute to sectoral index) which will do better than overall market. Good thing is you can apply similar analysis to individual stocks and compare them against their sectors and broader market to achieve superior returns (relative to market).
Whenever I am using terms like bullish/bearish/momentum etc., the context is always relative to CNX500
I am looking at the charts at a weekly level here, however the same analysis can be used at a daily level to ascertain sector strength in short term.
(Short Term - a few weeks/months
Mid term - 6-18 months
Long term - 2 years+)
I do not think any TF smaller than daily would make sense here, *but my relative strength to tradingview awesome trader index is pretty low*, so please feel free to correct me if I am wrong. Your feedback and critique (about my analysis not my appearance) will always be received positively as it helps me grow and learn from those who are better than me.
Now let us get on with the analysis -
1. BANKNIFTY - A favorite of many people for intraday, short term movements. See the chart below -
It seems to be making a flag and pole kind of structure here but current strength trend is downwards so I am looking for opportunities elsewhere in short term. However, this can turn into a boomer soon, so keep an eye on the structure here.
2. CNXAUTO - Auto was not doing well before the pandemic. However, it seems like strength is coming back in the sector. See the chart below -
It is making a structure of HH-HL and is currently touching the support trendline. That means in the short to mid term we may find good opportunities here.
3. CNXENERGY - Energy index is making LH-LL structure relative to CNX500 but there is divergence in the RSI. See the chart below -
As it is touching the support trendline it may bounce and touch the channel line in short term. Some good opportunities can be found there.
4. CNXFMCG - This sector has the potential to give superior returns relative to the market in short to mid term. It was trending lower but has recently seem to have found a bottom and is not ready to trend up again. See the chart below -
There is bullish divergence in RSI as well. Stocks from this sector have started to pick up this week.
5. CNXINFRA - This sector also looks to be on the verge of a relative breakout. As can be seen in the chart below there is a consolidation triangle pattern forming currently. Keep an eye on this chart on a daily/weekly TF
6. CNXIT - IT is all time favorite in the stock market. The relative strength trend was in a consolidation pattern and looks to be on the verge of breakout from the upper resistance now. RSI was in divergence before but that ship seems to have sailed. There can be good opportunities found here in the short term at least.
7. CNXMEDIA - Seems to be in perpetual down move since last 2-3 years. RSI seems to be in divergence so a structural change is possible. Nothing interesting here for now.
8. CNXMETAL - Metal has been making headlines during past weeks. See in the chart below that it is forming a beautiful cup and handle kind of pattern relative to CNX500. It looks like it was rejected by resistance during last week but that may change. So keep an eye on the structure if it goes above that resistance trendline than even better days are coming for metal.
9. CNXMNC - MNC index is trading in a broadening pattern relative to CNX500 and just seems to have bounced off the support trendine. To me it indicates increasing momentum in the stocks from this sector in the short to mid term. See chart below -
10. CNXPHARMA - Pharma is a defensive sector. Money is moved in the defensive sectors when overall market is likely to go down or experience heavy volatility. Usually an increasing momentum in pharma stocks would indicate money moving to safer options. Right now it is forming a consolidation triangle pattern. Keep an eye out for any moves on the chart below -
11. CNXPSE - PSE stocks look hot. After a major downward trend there is finally HH-HL structure forming. I expect good bullish moves on these stocks in the short to mid term. See the chart -
12. CNXPSUBANK - PSU bank long term trend is downward however in the short term there can be a move upwards. I, in general, do not like to invest in Public sector banking stocks but there can be good potential in the short term. Just we wary of the overall trend and keep an eye on the chart below -
13. CNXREALTY - Like PSU, Realty has also been making LL-LH structure however the angle of descent seems to have flattened slightly. That's first indication of trend shift. Also there is RSI divergence in recent lows. The trend also seems to be on a verge of breakout from the channel. See chart below -
14. CNXSERVICE - The service sector has done well against nifty during last 2 decades. One can look out for good long term opportunities during market down months and hold such stocks for long term. These kind of stocks in the portfolio can maintain a health even everything seems to be catching fire around you. See the chart-
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Nifty Realty—the next breakout candidate? (Top stocks analysis)Looking at the sectoral charts on the monthly timeframe highlighted to me how NSE:CNXREALTY was one of the only sectors that hadn't broken out yet or weren't hanging in the air.
Sure, it's still testing the highs, but I felt I'd look at a few major Realty stocks just to see how they're placed on the M charts.
Snapshots of the charts can be found in the comments as I don't have enough reputation in the Indian locale to share them in the description yet.
What do you feel? Could Realty be the next big bet?
big move expected in buying side in drreddyHello guys i had find this setup of drreddy in 4h timeframe.the reason behind this analysis is its is in uptrend and the pharma sector is also in uptrend and the scenario for pharma sector in this pandemic situation is look bullish also it is in breakout mode the big resistant is on 5500 we will not take immediate trade we will wait for breakout and some confirmation before taking any position i will watching closely this script i will update on it and also plzz do your own analysis before taking any trade if you like my analysis do follow like and share thank y
Where does the FMCG sector stands technically?I just posted a chart on HUL making a descending triangle pattern and will try to link that idea to the sector chart.
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As we can see the CNXFMCG tried to breakout of the previous resistance and failed to do so. With tata consumer rallying recently , HUL could follow the suit and FMCG sector could push out to make new highs in coming days. IF it fails to sustain like the earlier 2 opportunities it would take another week or so to retry to breakout.
Talbros Auto 3yr H&S BreakoutAuto Ancillary sector on the move.
Moving along with sector.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.
stock/index comparison plottingAn example of how to plot any stock/index against another stock/index to see if it is strong or weak as compared to the other.
Here, we are comparing Nifty Infra index with Nifty 50 index to see if infra sector is going weak or strong as compared to nifty 50.
As evident from chart, infra sector is showing weakness against Nifty 50.
Mahindra CIE 2yr Head and Shoulder BreakoutAuto ancilliary sector is starting to move.
This is setting up nicely after the last failed breakout. Hopefully the volumes are in the offing.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.
Siyaram Silk 1.5yr Cup and Flat Handle Breakout setupSuggested by @monkmaxims
Most Textile sector stocks are breaking out of their bases. This is setting up in a flat base for 6 months on good volumes (Monthly chart shows ATH volumes).
Hopefully we'll see a breakout soon.
Moving along with sector.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.
Automotive Axles 2yr Cup & Handle BreakoutAuto Ancilliary sector is showing good movement. Look out for follow up volumes.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong. For educational purposes only.
Vindhya Telelinks - 1.5yr VCP Breakout SetupHFCL from the same sector has given a good all time high breakout. This won't stay far behind.
Sector on the move.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.
Welspun India 4yr/6yr Rounding Bottom Breakout Shot up on earnings with massive volume. Tested BO zone and closed above last high on Daily and weekly chart.
Sector on the move.
SL: Below Breakout Candle.
TGT: After a vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
NLC INDIA - 1YR BREAKOUT WITH MASSIVE VOLUMES
SL: Below Breakout Candle.
TGT:
SWING TGT: Breakdown of 20MA on Hourly chart (on a daily close basis)
POSITIONAL TGTS: 70, 80, 84, 90, 111
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
EXCEL INDUSTRIES - 2YR H&S / 1YR DARVAS BOX BOEXCELLENT FIND BY @monkmaxims
Agro Chemicals sector is on fire. Most of its stocks are breaking out.
SL: Below Breakout Candle.
TGT: Breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
BankNifty Head and Shoulders patternBN is showing a clear H&S pattern. Look for price action near the daily trendline/neckline.
Tata Coffee - 8yr BreakoutHere's a mother or all breakouts. The entire sector is on fire.
SL: Sell below Breakout Candle.
TGT: Breakdown of 20MA on Hourly chart (on a daily close basis)
BUY RULES:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL RULES:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Midhani - 1yr Inverted Head and Shoulder Pattern Metals are zooming already. This has shown some volume activity last week.
Watch out for follow up volumes and strong daily closings.
SL: Sell below Breakout Candle.
TGT: Breakdown of 20MA on Hourly chart (on a daily close basis)
BUY RULES:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL RULES:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Themis Medicare 3yr Breakout with Massive volumesMoving along with sector.
SL: Sell below Breakout Candle.
TGT: Breakdown for 20MA on Hourly chart (on a daily close basis)
BUY RULES:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL RULES:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
TV18 setting up for a 3 yr Head and Shoulder BreakoutThe chart is self explanatory. Media sector has been quiet for a while, some activity seen recently.
If momentum builds up, this could give a good breakout.
