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Underperformer

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
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)
CShort
by T_Harth
2
Cement Stocks in DANGER!🩸Attached: Custom Cement Index/ Nifty 50 Daily Chart as of 21st April 2023 (Note: The above Chart is my Custom Cement Index made up of all the F&O Cement Stocks and this is the Ratio/ Relative Strength Chart version of it, against Index Nifty 50. This gives us an idea of the Relative Strength of the Cement Stocks and used to find out whether they are likely to Outperform or Underperform.) Observations as follows: Price based: - A Clear Double Top Breakdown on the Ratio Chart with Break of Support accompanied by Bearish Power Candles!🩸 - The Ratio was in a Down Trend prior to the Range that formed. Presently the Ratio has rejected from the High of the Range and can head to the Low of the Range - If you Zoom Out on this Chart or go to the Weekly TF, a Bear Flag/ Wedge Pattern is also visible Indicator based: - Daily RSI is now in Oversold (below 30) territory indicating a Strong Bear - Daily MACD which was already in Sell has crossed below the 0 line - DMI is in Sell and ADX may start to turn up All the above Observations signal that the Cement Stock Basket is likely to Underperform🐻/ are Potential Short Candidates📉 ! Some names that have Short Setups are: ACC, AMBUJACEM (already shared in my Related Ideas), ULTRACEMCO, GRASIM, JKCEMENT
NSE:ACCShort
by T_Harth
AMBUJACEM- Relative Strength says SELL!Attached: Ambuja Cements/ Nifty 50 Daily Chart as of 19th April 2023 A Classic Triangle Setup is visible in the above Ratio Chart The Breakdown of this Triangle would result in the Ratio Selling Off (AMBUJACEM accelerating its Underperformance vs. Index Nifty 50) Hence this makes the Stock a Sell Candidate based on Weakness Well if you also look at the Price Chart which I have not shared here but it also has a Classic Triangle Setup with a Bearish Bias just like its Ratio Chart
NSE:AMBUJACEMShort
by T_Harth
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
NSE:TITANShort
by T_Harth
3