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Thread 🧵Sector Analysis

Covers #TechnicalAnalysis of most of the sectors.

Courtesy : @YTA_School

Retweet🔁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
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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