Thread by @niki_poojary

𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐟𝐨𝐫 𝐚𝐥𝐥 𝐒𝐞𝐜𝐭𝐨𝐫𝐬 🧵

Detailed 🧵 on each sector covering index heavy weight stocks 📊

#NIFTYIT covered in detail in a separate thread🧵

Read 👇

#NIFTYAUTO #CNXAUTO

Cup & Handle formation in weekly charts, awaiting a BO

The leaders of this sector are also on the verge of BO

Charts of few heavy weight stocks within the Auto sector:

#Maruti

Awaiting for a BO

#TATAMOTORS
Awaiting a BO

#M_M
Awaiting a BO

#EICHERMOTORS

#NIFTYMETAL #CNXMETAL:

Taking support of the purple trendline

#TATASTEEL

H&S under formation

Note: pls dnt short in anticipation, always wait for confirmation

Because if it starts trading >1245, there will be counter H&S (details later)

#HINDALCO

#JSWSTEEL

Weekly & Daily TF charts

#NIFTYPHARMA :
As mentioned in the last week, this support is broken and 13160-190 is the new resistance

Charts of few heavy weight stocks within the Pharma sector:

#SUNPHARMA

#DIVISLAB

Currently a pause after a downward range expansion

#NIFTYFMCG:

Charts of few heavy weight stocks within the FMCG sector:

#HINDUNILVR : Hourly TF formation of a rectangle, awaiting for a BD

#ITC

#NIFTYENERGY

Cup & handle under formation, awaiting a BO

Charts of few heavy weight stocks within the Energy sector:

#RELIANCE :

#ONGC PSU stocks can behave basis rumors, news ahead of the upcoming event Budget

C&H under formation, always wait for a BO or BD

#NIFTYSMLCAP

Keep an eye on that purple TL

#NIFTYMIDCAP
M pattern under formation, however no BD yet.

Confluence of support and purple TL

As mentioned in the last week:

High Beta sectors viz. Banks, Energy, Auto are still showing strength as compared to defensive sectors💪

Metals, need to wait for this week to see 🤷‍♀️

Defensive sectors viz. IT, FMGC, Pharma are witnessing profit booking

Hope this outlook helps ❤️

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Have & happy & a safe 😷weekend!