๐๐๐๐ก๐ง๐ข๐๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐จ๐ซ ๐๐ฅ๐ฅ ๐๐๐๐ญ๐จ๐ซ๐ฌ
Detailed ๐งตon each sector covering index heavy weight stocks๐
Detailed ๐งตon each sector covering index heavy weight stocks๐
#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
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
#NIFTYAUTO #CNXAUTO
Recently broke out from 11275 zone and that will be the immediate support and a demand zone as well.
It has already tested 12k levels twice and maybe the third time it'll give a BO above 12k levels & make a fresh ATH
Recently broke out from 11275 zone and that will be the immediate support and a demand zone as well.
It has already tested 12k levels twice and maybe the third time it'll give a BO above 12k levels & make a fresh ATH
Charts of few heavy weight stocks within the Auto sector:
#MARUTI : Inverse H&S formation (trend reversal pattern), awaiting a BO
#MARUTI : Inverse H&S formation (trend reversal pattern), awaiting a BO
#TATAMOTORS : A flag formation since Sep 2021 is under formation, awaiting a BO
Charts of few heavy weight stocks within the Metals sector:
#TATASTEEL : Positive and a bullish sign when the volume on green days > volume on red days
#TATASTEEL : Positive and a bullish sign when the volume on green days > volume on red days
#HINDALCO : Looks like 470 will act as a good support
#NIFTYPHARMA : After testing the 13160 zone several times the support has become weaker and the next immediate support is 12350-12475 zone
Charts of few heavy weight stocks within the Pharma sector:
#SUNPHARMA
Profit booking has set in for the shorter term in this sector
#SUNPHARMA
Profit booking has set in for the shorter term in this sector
#DIVISLAB After a fab run up since May 2017, meaningful correction has set in
#NIFTYFMCG: this sector is also witnessing some serious profit booking
Charts of few heavy weight stocks within the FMCG sector:
#HINDUNILVR : Classic reversal pattern has set in in monthly charts, i.e. Evening star formation at the top.
Even on weekly it has broken a upward sloping TL
#HINDUNILVR : Classic reversal pattern has set in in monthly charts, i.e. Evening star formation at the top.
Even on weekly it has broken a upward sloping TL
#NIFTYENERGY
Looks good trading near ATH, however usually stock/index doesn't clear the resistance in one go.
If it consolidates at the higher level and then gives a fresh BO that would be favourable!
Looks good trading near ATH, however usually stock/index doesn't clear the resistance in one go.
If it consolidates at the higher level and then gives a fresh BO that would be favourable!
Charts of few heavy weight stocks within the Energy sector:
#RELIANCE : Came up with a good set of numbers, lets see where it goes from here
#RELIANCE : Came up with a good set of numbers, lets see where it goes from here
#ONGC PSU stocks can behave basis rumors, news ahead of the upcoming event Budget, but its trading near ATH however usually stocks are unable to clear the resistance in one go
#BANKNIFTY
Moving within the bullish channel,
So far HDFC Bank & ICICIbank results are out, both delivered good set of numbers, infact fireworks by ICICIBANK
Moving within the bullish channel,
So far HDFC Bank & ICICIbank results are out, both delivered good set of numbers, infact fireworks by ICICIBANK
Charts of few heavy weight stocks within the Banking sector:
#HDFCBANK moving within the bullish channel
#HDFCBANK moving within the bullish channel
#ICICIBANK : Waiting at higher levels
Conclusion:
High Beta sectors viz. Banks, Metals, Energy, Auto are showing strength
Defensive sectors viz. IT, FMGC, Pharma are witnessing profit booking
Clear indication of sector rotation
High Beta sectors viz. Banks, Metals, Energy, Auto are showing strength
Defensive sectors viz. IT, FMGC, Pharma are witnessing profit booking
Clear indication of sector rotation
Hope this outlook helps โค๏ธ
โข Check out my threads on trading & finance ๐ my profile
โข I'm thinking to do this Sectoral analysis every month, lemme knw if you like it & share it with others๐ค
Have & happy & a safe ๐ท weekend!
โข Check out my threads on trading & finance ๐ my profile
โข I'm thinking to do this Sectoral analysis every month, lemme knw if you like it & share it with others๐ค
Have & happy & a safe ๐ท weekend!
โข โข โข
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