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.
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 .
lcouple of stcks looking good
no buy sell advice here
How do u look for sector rotation?
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
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