It has crossed one resistance and consolidating before breaking another. It seems now its times for laggards like realty. Some good rally can be seen in coming days
This is a quick guide into using relative strength charts (or RS charts) that will help you pick stocks that are stronger than the broad market or identify sectors/industries that might outperform the broadmarket.
Same like infra, realty also not going down and showing strength. It may also join infra space in next market rally. Find your stock keep list ready and buy on proper dip
If 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 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.
