-A bullish reversal pattern
-Volume is highest at the breakout of the neckline.
-Minimum target is vertical distance from the head to the neckline post breakout ππ»
Double Bottom
-A Bullish reversal pattern
-Looks like a W
-Volume is High at the Breakout ππ»
Triple Bottom
-A Bullish reversal chart
-It has three bottoms around similar levels ππ»
The Indian stock market saw a volatile week, with the benchmark indices experiencing both gains and losses forming a Doji pattern on the weekly charts... (π§΅)ππ»
On Monday, the BSE Sensex and NSE Nifty50 gained due to a strong rally in IT stocks. The markets oscillated between the 17800 levels and 18100 where bulls would step in every time protecting the support zones where as bears had a clear advantage at higher levels.ππ»
The market breadth has improved during this week. There were earnings announcements by the tech biggies, where both Infosys & TCS reported earnings better than the street expectations. US indices rallied over the week inspite of hawkish comments by the Federal Reserve Officialsππ»
βIf you are in the right sector at the right time, you can make a lot of money real fast.β β Peter Lynch
How to beat the street with Sector Rotation Strategy.
An explainer on how to use the βSector Rotationβ feature. π§΅ππ»
Through this feature, we can assure you that your process to identify trades and investments will be very easy, and no one can stop you from minting money. ππ»
What is Sector Rotation?
Sector rotation is a top-down investing strategy involving moving money from one industry sector to another in anticipation of different business cycle stages to beat the market. ππ»
Market Breadth gives a birdβs eye view of the performance of the sector considering different indicators.
It shows the percent/count of the stocks from the sectors that have a value above the value of the indicators like RS55, RSI 50, SMA 20, SMA 50 and SMA 100. π§΅ππ»
If the count or percent is high, it is shaded in green, in yellow if it is neutral, and in shades of red for a low count.
Green shades indicate a positive stand, yellow shades indicate a neutral stand and red shades indicate a negative stand. ππ»
On clicking any sector stock, you will be redirected to the selected sector page.ππ»
#StockEdge is pleased to announce the release of Version 8.3.
With each release, we introduce aΒ few new features that help StockEdge users better understand the financial markets.
We introduce the following features to our users in this release follow this thread π§΅ππ»
We have added some new features:
1. Sector Rotation
2. Investment Cases
3. My Plans Section β Revamped
4. 120 Days of Data in Market Breadth
5. Additional Facts in Trending Stocks
Continue reading to learn more about these amazing features: ππ»
Sector Rotation:
A sector is a group of stocks that represent companies in similar industries. The basic assumption is that these stocks will pe0rform similarly. ππ»