Health Care
Following an extended consolidation phase from December 2021 to August 2024, the healthcare index has developed an Inverted Head & Shoulder pattern.
With a recent breakout, the index is now set to experience significant upward momentum.
Industrials
Similar to the healthcare index, the industrials sector has also established an Inverted...
IT Index has given a proper closing above both 50 and 200 days EMA (Mother and Father Line) at 34023. It was threatening to do so since few days. All it needs to do for confirming upside is a proper bullish candle tomorrow and closing above important resistance levels of 34269 and 34632. If this happens the next levels of resistance for IT index will be 35337,...
since the weekly reversal in favor of bears for AMEX:MJ etf and cannabis stocks, the daily bounce has turned back downward, and is approaching recent multi week lows.
this set of oscilatiry trend regularity indicators show when there is potential for retracement in the opposite direction should these levels hold.
A Quick Overview of Global Major Economies
Japan, US, UK, Australia, Germany are officially in Recession
USA has not declared Recession officially as it is just covering up the underlying problem
Chinese Economy is in serious turmoil
Now where does India Stand?
Which Sectors within India are dependent on these Foreign Economies?
Which Sectors are in...
Nifty IT sector has almost completed the rounding bottom pattern. This consolidation phase was more than 2 years long. Thus, the probability of a sustainable breakout is high. I will look to go long in IT sector leaders via call options/ cash buys. What about you all?
PS: Typical targets are the depth of the rounding bottom pattern which is 29%. This can be...
cnxauto aka nifty auto given an all time breakout of a long term upper trendline sector and all the components of the mentioned stocks is also following the same trend of the index one can add auto stocks on dips this sector can be leading sector soon
XLE formed a big H&S pattern in 2002 & has since bottomed during pandemic. From there, it started a blue rising wedge which had a more chance of breaking down. However, due to the Russian invasion, it broke to the upside above the H&S green neckline.. Measuring the height of this wedge gives a target of 82.40 which XLE had reached & recently exceeded. It also...
You can clearly see that Energy has been the leader, and is in fact the only reason why ES isn't below 3600 right now.
Consumer discretionary has taken quite a beating all year, likely due to higher input costs. Worth noting is that consumer staples appears to now be joining consumer discretionary in this downtrend.
Utilities are behaving as the sector should be...
This could be a big move in the Cannabis sector with a very broad Pennant/Flag formation setting up.
Great opportunity for another Reddit/Retail rally with the pending cannabis legislation being discussed and a strong technical price pattern confirming a potential breakout move.
Are you ready for another big rally in the cannabis sector?
Sector Rotation Analysis starting from Jan 2021
While 2020 was a wonderful year for many investors, 2021 has been riddled with changes in the stock market thus far. In this analysis, I compared multiple ETFs that track different specific sectors in the market in order to visualize these changes. The periods and commentary are broken down month by month with the...
add pos. Tata Power 95/85 we seen
105/115, if close and sustain above
117 then 130-140-165+ possible
view invalid below 75 cbsl
note: all views are education purpose only.
ASX:XMM - Keep a close watch on sector and companies
~The sector is in an uptrend after making a bottom in Jan 2016
~the previous high was made in Nov 2008
~after a gap of close of 13-14 years sector has come to the limelight.
~Strong global demand
~China demand for minerals
~ Global infrastructure post-COVID-19 - Govt push
~DON't forget over 50% of the...
As MJ has corrected 42% from the recent high, it offers an objective long entry as it is bouncing on triple support: down trend line since September 2018, horizontal support, and recent up trend line since November 2020.
Technical Analysis
The 200ema has been tested several times, and has worked very well as a mid-term support level.
Risk reward ratio is easy to set-up with a 3:1 ratio approximately.
Sector & Industry Analysis
It is important to note that the industries inside the sector have different performance, which has been very useful to analyze what the market thinks...
Materials sector has been showing relative strength. It is actually 3th in YTD performance, after 1. Technology, 2. Discretionary (Mega-cap lead sectors)
Today it is resting on the 100ema, which has been supportive since march 23rd crash.
This level is also coinciding with early 2020's high, as well as 4 other tests of the support; including a failed breakout,...
![SPY: A Study of Sector Rotation during year 2021 [Market Rotation]](https://s3.tradingview.com/p/PWrzsIgP_mid.png "A Study of Sector Rotation during year 2021 [Market Rotation]")
