As calm as a dead sea. No ripples. No wave. No trend. I believe many investors are stuck at higher levels, they will come as a tsunami at every rise and keep the stock sideways.
Until we see a breakout on the Relative Momentum trendline in the bottom half of the chart, the market breadth wont go up. Interesting times.
I prefer stocks that are breaking out after a long base formation. The strength of the upmove that follows unleashes a tremendous locked in power. I will be keeping this in watch mode and will probably enter if things look ok. Since I like pullback trades rather than breakout trades, will wait for more pullback and VCP formation.
> One of the stronger IT stock > Entirely depends on the way NiftyIT / NASDAQ index perform > Double Bottom Note: InvestIn10 would ride this till Momentum exists. The Target & SL are for Swing Investors only.
When Sugar sector rallies, they rally hard. Better fasten your seat belts, it's going to be a memorable ride! No targets, will ride till momentum lasts!
Nifty MidCap is exhibiting good strength presently. There are three key Intervals in time I want to highlight. >> Early 2018: There was a breakout in Relative Momentum and Price, but very soon the price as well as Momentum retraced and what followed was 2 years of MidCap correction. >> COVID Bottom: By 2020 the MidCap correction was coming to an end, the...
Reliance not yet participated in the rally in Indian market. Reliance = 10% of Nifty, Hence, it's very important to understand the direction Reliance takes to understand Nifty50 direction. My view is neutral, and entirely depends on which side the Relative Momentum breaks out/down. We will know very soon!
Entered this stock today. Multiple Pharma stocks are getting into up-trend. Seems to be some sort of Tail-wind for the sector, though the same is not obvious on the pharma sector index: NiftyPharma due to the high weightage of SunPharma, which is down trending.
Degrading Momentum. PE Trending down. Auto Sector Momentum is trending down too. Perfect short candidate. Not a Recommendation.
These kind of Stock setups which is a combination of: >> High PE >> Degrading Momentum >> No fall yet Are rare to come by. Not a Recommendation, but looks juicy!
This is a typical Breakout happening in the Index. Notice the Relative Momentum chart in the bottom half of the chart. These kind of breakouts will typically re-test the breakout zone once more.
>> Another Dividend champion. Yield = 5% >> if stocks like this get selected, we are sure to hit slowdown
>> High probable up-move >> High Delivery% >> Looks good for a long innings
>> High Dividend stock. Dividend yield = 12.4% >> Momentum pick, but concerning that its a High dividend yield stock, indicating for tougher times to come.
> Soon to Breakout > Volume indication for Breakout exists > For breakout confirmation it has sustain above 130 > Market conditions not suitable for rapid moves > Target might need about 10 months Note: InvestIn10 would ride this till Momentum exists. The Target & SL are for Swing Investors only.
> This will be a slow mover. Any stock which retraces so much will usually move slow > one of the strongest IT stock (technically) and part of NiftyIT index > This will inevitably depend on the IT & Nasdaq index. Note: InvestIn10 would ride this till Momentum exists. The Target & SL are for Swing Investors only.
> Target & SL Levels on chart > near ATH > at RS support > PE trending higher. Earnings expectation high. > volume confirmation on 6th Feb weekly candle > Not a market for rapid moves, so target most likely would take till year end. Note: InvestIn10 would ride this till Momentum exists. The Target & SL are for Swing Investors only.
> A-VWAP supports are strong > The targets if achieved will confirm long-term trend and we can achieve better Rewards by just holding. > PSE Index is still looking strong Note: InvestIn10 would ride this till Momentum exists. The Target & SL are for Swing Investors only.