Thread 🧵Sector Analysis
Covers #TechnicalAnalysis of most of the sectors.
Courtesy : @YTA_School
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1⃣ Why Sector Analysis is Must ?
Read these 2 Pages from the Book "Relative Strength With Technical Analysis by @YTA_School
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
3⃣ CNX Infra
A great consolidation in seen on weekly time frame.
Once the resistance of 5375 gets broken we can see a good 20-25% rally in infra sector.
#CNXInfra #TechnicalAnalysis
4⃣ CNX CPSE
On monthly timeframe, the index is struggling to cross all time high of 2820.
Avoiding this sector currently is smartness.
#CNXCPSE #TechnicalAnalysis
5⃣ CNX PSU Banks
A strong consolidation within a strong uptrend is seen on daily time frame.
A breakout of 3865 can cause another 10-12% rally in psu bank sector.
#CNXPSUBANK #TechnicalAnalysis
6⃣ CNX Auto
We have an evening star setup on all time high area and also we can see double top formation.
If auto sector fails to break the high, we may test 12366 and minor profit booking in this sector should be done.
#CNXAuto #TechnicalAnalysis
7⃣ CNX FMCG
A very strong consolidation is seen on very strong monthly uptrend sector.
A breakout above 45250, can result in another 10-15% rally in entire sector.
#CNXFMCG #TechnicalAnalysis
8⃣ CNX Financial Services
We are approaching all time high areas of 18825.
Any reversal in stocks should taken as exit or profit booking signal.
#CNXFinance #TechnicalAnalysis
9⃣ CNX PSE
Clear indication that sector is loosing steam.
It is said that when same level is tested multiple times, it looses it strength (already have 4 touches). If new breakout occurs new highs can be seem. But as on today it’s struggling.
#CNXPSE #TechnicalAnalysis
🔟 CNX Metal
The index has shown strength on monthly and weekly time frame with minor breakout.
It can test 6822 levels again.
#CNXMetal #TechnicalAnalysis
1⃣1⃣ CNX Pharma
CNX Pharma index seems to gave false trend line breakout. Pressure from monthly time frame is still strong. No movement expected above 13750.
#CNXPharma #TechnicalAnalysis
1⃣2⃣ CNX Energy
A strong monthly up trend.
On weekly timeframe the sector is looking for big move on upside.
One must be ready to invest in this sector once the strong weekly breakout is seen.
#CNXEnergy #TechnicalAnalysis
1⃣3⃣ CNX Small Cap 100
On monthly time frame the index is looking to try and take some support but we will have clear trend reversal only weekly closing above 10210.
#CNXSmallCap #TechnicalAnalysis
1⃣4⃣ CNX Midcap 100
After a strong pull back from monthly support, the index is struggling to cross all time high.
It is looking to be making lower high pattern on weekly which is not a good sign.
#CNXMidcap #TechnicalAnalysis
1⃣5⃣
Disclaimer : This is not a recommendation on #Sector. Just a case study for educational purpose!
Our team members may be personally invested in stocks of these sectors hence their opinion may be biased.
Consult Financial Advisor before Investing!
#StockMarketIndia
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