NeoProfitect

NeoProfitect

Nifty has broke third fan line on downside, opening up for further correction. Downside target coming to around 14000.

NeoProfitect

my interpretation of path bank nifty can take in coming weeks if it is nearing bottom for short term. Please do not trade this before you do your own analysis.

NeoProfitect

Good setup on weekly basis. Weekly RSI showing positive hidden divergence and price is re-testing breakout level. This is low risk high reward setup.

NeoProfitect

Strength of all components of bank nifty against the index since week starting 5 April 2021. Action plan - When bank nifty showing strength, enter into the strongest stock. in weakness sell the weakest one

NeoProfitect

Bank nifty has made ATH at an important retrace level and may be a top for few more trading sessions. One can use support and resistance levels to initiate trades for better risk rewards.

NeoProfitect

nifty S/R based on waves and retracements. Nifty has been in strong uptrend and looks like it will be in corrective/sideways trends until it breaks out of ATH. One can deploy strategies around the support and resistance with good risk to reward ratio.

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NeoProfitect

An 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.

NeoProfitect

At low risk entry level in the channel.

NeoProfitect

NOTE TO SELF

NeoProfitect

note to self

NeoProfitect

Note to self.....relative strength since mar 2020

NeoProfitect

note to self compared outperformance since march 2020 low

NeoProfitect

Note to self

NeoProfitect

Not to self- bought tracking quantity

NeoProfitect Updated 

note to self

NeoProfitect

note to self

NeoProfitect

note to self

NeoProfitect

note to self