its good if you mention name of companies
sure… first of all …heartiest welcome to this gp. can u pls tell me which names? The charts i posted are of the few industries in which bunch of companies of that particular industry are there.
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water index,transmission index and pre-engineered index
CNXPHARMA : the sector in 1 hour has have a breakout and looks like holding the previous resistance , if support found , can be a good opportunity in couple of stocks in the sector .
l
couple of stcks looking good
no buy sell advice here
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How do u look for sector rotation?
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I scan every weekend
once on monthly and weekly time frame when trend changes , I exit //
and same way i look for new monthly and weekly trending up and find stocks in that sector
so sector changes happens once in three months or 3-4 times in a year depending on market situation and sector movement
Hope that helps
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CNX IT : looking still holding on to the strength
letz wait and watch .
CNX PHARMA : its in consolidation , and there is an Engulfing candle at the support .
but it make sense only if the market is strong and moving in strong movement.
NIFTY : is at the trendline support , and a support area .
its the time one has to wait for the markets to decide , to make it or break it.
we made the levels , there is nothing we can do about it , its the market to take support and move back in the trend or breakout downside and we are out of trend for some time
Thank you
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Hello Yogesh ji
Would it be logical to scan for sectors when the market is sideways—like in the last two weeks since the last scan?
If I understand your sectoral scan correctly:
- Weekly check helps decide exits based on trend changes.
- Monthly check identifies sectors gaining strength, possibly signaling an entry.
- Quarterly check confirms larger sector trends.
Does this align with your approach?
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yes sector scanning is not just important for entry
but also important to exit or to know also which sector is weak and where to put tight stoploss in weak sector , for eample currently AUTO and FMCG is weak , and if i have stocks of the same sector , can tighten the stoploss in such stocks .
so I always do weekly and never forget
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NIFTY FINANCIAL SECTOR HAS TOUCHED THE TRNEDLINE SUPORT , the sector has already taken previously 3 times successful support and given a decent rally , we also see that the RElatie strength of the sector is is moving upside , that shows that the sector has started outperforming the index .
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SECTOR : NIFTY ENERGy
the setor seems to be at the the trendline and taking god support
i would be happy to see the same strength continues with nifty closes above 23000
right now i am in wait and watch situation .
but atleast I am ready with the sector it energy sector shows strength when index crosses 23000
thank you
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SECTOR : HOTEL AND restaurant looking good
We had a good breakout and continuation buying is going .
i would like to keep a watch on all the HOTEL business .
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SECTOR : BANKING
the banking sector seems to be on the right track by taking the support form the trend line .
i will keep banking sector into my radar .
SECTOR : CNX FINANCIAL SERVCE
A very strong move taking support form the trending support , so baking and financial sector going hand in hand
SECOT : PSU BANKS , at a sweet spot , lets see what it does in few weeks ahead .
SECOT : COMMODITY , taken a support on trendline , but looks weak to me .
SECTOR : CNX SERVICE , looking strong rejection on postive side .
THQNK YOU
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SECTOR : PRIVATE BANK
the banking sectors looking strong , specially private banking sector .
SECTOR : SMALL FINANCE BANKS , have broken the trendline .
NIFTY : on daily gave a breakout on trendline , can retrace and can take a support and can take take the trend up or on weekly it s at resistance , can go back U turn in the short term of bearishness .
THANK yoU
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SECTOR : DEFENCE LOOKING REALLY STRONG , CURRENTLY GAVE A BREAKOUT AND WENT IN TO SMALL SIDE WAYS , WE CAN ALSO SAY ITS MAKING BULLISH FLAG PATTERN TOO ..
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