CNXREALTY trade ideas
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?
Nifty Realty-Breakout CandidateRealty index is showing strength. Keep a watch on DLF, Sunteck Realty and Godrej Properties.
Reality sector vs Nifty - Ratio ChartIf you look at the ratio chart for CNX reality against NIFTY 50 benchmark ( weekly timeframe ) you would see that Its taking support at same level which was resistance earlier. which is also support basis Fib retracement. My prediction is that sector will going to out perform nifty for coming weeks... We need to identify good stocks in reality sector for good swing trade
NIFTY RealtyFormed H&S and going down. Currently in consolidation is going on with flag pattern. We may see 280 soon
Nifty Realty at critical junctureNifty Realty forming head and shoulder on spread chart. Currently at 100 and 600 EMA, breaking which could lead to a greater fall. Keep a close watch on DLF, Godrej Properties, Prestige, Sobha and Sunteck.
ALL INDIAN INDICES REVIEW PART-2NIFTY REALY IS HAVING BULLISH BAT PATTERN TARGET IS 31 POINTS
I AM BULLISH ON MARKET
TRADE AND INVEST AT YOUR OWN RISK
Nifty Realty Index OutlookNifty Realty Index has out performed Nifty Index and Now is trading near to Trend line Support Levels, If Hold the Support we may see buying resuming from here. From F&O Stock DLF and GODREJPROP will Stock to be watch out.
CNXREALTY/NIFTYIt also seem stronger compare to others. Housing demand is anyway booming due to lower interest rate..
Nifty Realty - About to break resistancePrice following a pattern - "Reach the resistance level, get rejected, break the level ". . . .
The above is the pattern in reality sector since the big fall. One can now expect the price to break the present resistance levels and reach the next resistance levels as shown in the analysis.
#CNXREALTY 10 YEARS MULTI YEAR BREAKOUT #CNXREALTY 10 YEARS MULTI YEAR BREAKOUT....WATCH OUT ............PLAN IT.............TO ACHIVE IT...........#NIFTY #BANKNIFTY #POSITIONALTRADER #traders #india #MUMBAI #Equity #Coronaimpact #Companies #Earnings #RBI #INR #BSE #NSE
CNX Realty hovering around resistanceCNX Realty kicking out of a long slumber. A 3% around move up from the resistance will confirm the breakout.
Nifty Realty near support...Can it hold or is ready for next 50 points dip... ? Chart is self explanatory...
CNX Realty Realty Index has retraced 50% from the bottom and is currently trying to fill in the gap between 248 and 252. DLF will be a key winner here.
