Weekly RRG Data showing only 7 f 20 sectors to be on the stronger side
FMCG/ IT / Services / Consumer Durables / MNC/ Finance/ Pvt Bank
Rest are mostly heading towardsor already in lagging
Data consist of RS over Index over time on the weekly TF
Mostly used for SectorRotaion
Attached: Nifty Pharma Daily Chart as of 26th June 2023
- Today Price has triggered another Breakout closing above the Green Trendline and thus activating a Fresh Up Leg for the Pharma Sector and Stocks alike
- This is the 2nd Breakout Trigger (marked by arrow) and the 1st Breakout Trigger was the activation of the Cup & Handle Pattern for which Price is yet to...
Attached: Nifty Pharma Index Weekly Chart as of 7th April 2023
With the Week gone by,
Price has formed the 'Three White Soldiers' Candlestick Pattern on the Weekly Chart
This has MAJOR IMPLICATIONS
(Note: the 'Three White Soldiers' is a Bullish Candlestick Pattern that is used to predict the Reversal of the current Downtrend in a pricing chart.)
What Does...
The below indicator shows the performance of NSE Sectors and top performing stocks in those sectors
NSE Sector Performance
It will help identify the stock sectors and individual stocks in those strong sectors.
Also, the distance from 250d high/low is shown to focus on high momentum stocks
In this self explanatory series i will be posting charts with pure technical analysis on charts without full length explanations , Traders can ask their in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing...
Chart Structure:
- Price came out of Darvas Box consolidation on 17th August.
- Consolidation was happening from May to August.
- After the Range breakout, the price took a little pullback.
Volume & Deliveries:
- During the consolidation phase, many days with positive volume activities were witnessed.
- Average Deliveries were 10.79 lac shares per day before...
