Hi , here I am starting a small segment on sector movement , which one can take a look to it , and aim to focus only on focused sector , this will avoid one to keep running around the entire market .
Aim is to again to make focused , I just follow only those sectoral stocks which are showing the strength , so it helps to rotate the sector .
So , exit the weak sector and Enter the sector which is showing the strength , that helps me to rotate the sector .
CNXPHARMA sector which currently on weekly timeframe looks to can be the next sector , its following the strong , pattern of higher high and lower high , currently it came to test the support and small rejection is taking place .
Relative strength is positinve , which clearly shows that the sector is outperforming the INDEX NIFTY .
A small cross in MACD in postive direction can set the sector in strong movement position .
Another Sector that I am looking is Edible Oil sector .
the sector , had given a strong move up , and currently due to market weakness it has gone into consolidation , along with that , the consolidation is at the support level , which is getting more interested .
Relative Strength is positive , showing the sector is outperforming the INDEX .
I am waiting for the MACD to cross over in positive direction , to get clear idea of the sector movement .
The other sector that is complimenting the PHARMA sector is = HEALTHCARE SECTOR
when PHARMA + HEALTH CARE SECTOR is combining is telling a strong story , we say that
HOSPITALS + LABS +MEDICINE sector can see a good bounce .
currently NIFTY is not in favour , giving us the mix sentiments
its better to wait for the NIFTY to stop falling make a base and look for strong HELATH CARE and PHARMA sector to INVEST
NIFTY as on today on weekly bases has given a down crossover as per the YTASYSTEM , also the MACD has gone weak .
this is the clear indication that one should focus on more of external learning then investing as there is going to be difficult to invest mode , the sentiments are weak , one should avoid investing in such market condition if you are a momentum investor .
if you are a value investor its a totally different thing .
from YTA side , we will stop investing , and hold all the stocks with tight stoploss and wait for the markets to make some base .
seems like more consolidation is left on the monthyl chart , until the end of JAN we wont know the real thing , i am expecting couple of more week consolidation .
NIFTY is currently in pressure , that every one knows , but what i am trying to point out is , the red ares where one has to be silent hold cash and green areas when one has to go all in , investment is all about finding the right timing , so currently its not the time to get agresive , stay in cash , earn small and exit in small .
FMCG :
ONE OF THE MOST DEFENSIVE SECTOR , IS LOOKING AT MAKE IT OR BREAKOUT AREA, I WILL BE OBSERVING THIS VERY CLOSLY , BUT I AM NOT LOOKING VERY EXCITED FOR IT OR EVEN TO BUY ANY THING AT CHEAPER PRICE .
It sector was looking strong , but couple of results were disappointing , specially today INFY , which really put pressure on IT index , i am still in the view that , it will cover up , but nothing is on the paper , wekaness can be seen clearly .
currently non of the sectors are looking storng , I cannot comment on single stocks , but if some one ask me can you buy and forget the stock , i would say NO , i see the some strength in the sector to buy few stocks from the same sector and create a basket , which i feel not comfortable .
This is very helpful. Can you share same for healthcare, pharma, infrastructure sector charts as well. If you could provide the links that would be even more helpful
CNX PHARMA :
its under consolidation , but when you see the MACD it had given a negative cross over , that means the strength has become weak , so after 52% rally after the breakout , this sector has to give a strong come back with CAPEX or EARNINGS .
ITS WAIT AND WATCH GAME FROM HERE .
Infra had shown strong weakness , but one good thing is on monthly its at 20 ema and on weekly its at the support area .
if the NIfty recovers , we can see a decent recovery in this sector , but i would see an exit rally in this sector and if it breaks the support , it would love to exit all the stocks from this sectorial stocks .
DISC * shared what i see not what i can predict , no buy sell advice here .
one can make an index of his own in Tradingview platform at free of cost as per his choice. He/She can add his/her portfolio stocks of same index and then check the performance too, or else you can select the dominant/prominent stocks of an index and add & make your own index.
