Discover and read the best of Twitter Threads about #CNXMetal

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Thread 🧡Sector Analysis

Covers #TechnicalAnalysis of most of the sectors.

Courtesy : @YTA_School

RetweetπŸ”Like❀️ to spread learning with all. Image
1⃣ Why Sector Analysis is Must ?

Read these 2 Pages from the Book "Relative Strength With Technical Analysis by @YTA_School From the Book - Relative St...ImageImage
2⃣ CNX IT

Index is making a base and strong support.

Once the resistance of 30845 gets broken we can see it crossing 35000/36000.

#CNXIT #NIFTYIT #TechnicalAnalysis Image
Read 16 tweets
US markets have given a break-down from Head & Shoulders pattern

Most of the Indian sectors too look vulnerable

THREAD: Technical Analysis for US market & 10 Indian sectors🧡

Collaborated with @AdityaTodmal
Starting with the mother market

1. #DJIA : BD of H&S pattern
2. #NIFTY

β€’ Weekly: M pattern under formation, no BD yet

β€’ Daily : Descending triangle BD
Read 22 tweets
π“πžπœπ‘π§π’πœπšπ₯ 𝐚𝐧𝐚π₯𝐲𝐬𝐒𝐬 𝐟𝐨𝐫 𝐚π₯π₯ π’πžπœπ­π¨π«π¬ 🧡

Detailed 🧡 on each sector covering index heavy weight stocks πŸ“Š
#NIFTYAUTO #CNXAUTO

Cup & Handle formation in weekly charts, awaiting a BO

The leaders of this sector are also on the verge of BO
Read 24 tweets
π“πžπœπ‘π§π’πœπšπ₯ 𝐚𝐧𝐚π₯𝐲𝐬𝐒𝐬 𝐟𝐨𝐫 𝐚π₯π₯ π’πžπœπ­π¨π«π¬

Detailed 🧡on each sector covering index heavy weight stocksπŸ“Š
#CNXIT #NIFTYIT

Profit booking has set in this sector and is undergoing a meaningful correction after lending a strong support to Nifty for many weeks & months.

Had shared a cautionary tweet regarding the same on Jan 2, 2022
Charts of few heavy weight stocks within the IT sector:

#INFY
Read 24 tweets
A thread - Nifty and the sectoral Indices in India:
Nifty - A possible short term pullback from the trendline here. Nifty price is around the 38.2 fib level and trendline support. Probably a gap down and pullback tomorrow. 1/n Image
Nifty Auto - I see a short term pullback here too. Reasons being the price is now right at the downward sloping trendline and the price has retraced 61.8 fib levels of the entire rally from 2008 lows #CNXAUTO 2/n Image
Nifty Metal - The price is right at the lows and should show some strong buying, which could lead to some pullback from here. Also, the price is at the downward sloping trendline and the lower line of the pitchfork. This convinces me of a short term pullback. #CNXMETAL 3/n Image
Read 8 tweets

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