Nikita Poojary
Nikita Poojary

@niki_poojary

24 Tweets 14 reads Feb 16, 2022
π“πžπœπ‘π§π’πœπšπ₯ 𝐚𝐧𝐚π₯𝐲𝐬𝐒𝐬 𝐟𝐨𝐫 𝐚π₯π₯ π’πžπœπ­π¨π«π¬ 🧡
Detailed 🧡 on each sector covering index heavy weight stocks πŸ“Š
#NIFTYIT covered in detail in a separate thread🧡
Read πŸ‘‡
#NIFTYAUTO #CNXAUTO
Cup & Handle formation in weekly charts, awaiting a BO
The leaders of this sector are also on the verge of BO
Charts of few heavy weight stocks within the Auto sector:
#Maruti
Awaiting for a BO
#TATAMOTORS
Awaiting a BO
#M_M
Awaiting a BO
#NIFTYMETAL #CNXMETAL:
Taking support of the purple trendline
#TATASTEEL
H&S under formation
Note: pls dnt short in anticipation, always wait for confirmation
Because if it starts trading >1245, there will be counter H&S (details later)
#JSWSTEEL
Weekly & Daily TF charts
#NIFTYPHARMA :
As mentioned in the last week, this support is broken and 13160-190 is the new resistance
Charts of few heavy weight stocks within the Pharma sector:
#SUNPHARMA
#DIVISLAB
Currently a pause after a downward range expansion
Charts of few heavy weight stocks within the FMCG sector:
#HINDUNILVR : Hourly TF formation of a rectangle, awaiting for a BD
#NIFTYENERGY
Cup & handle under formation, awaiting a BO
Charts of few heavy weight stocks within the Energy sector:
#RELIANCE :
#ONGC PSU stocks can behave basis rumors, news ahead of the upcoming event Budget
C&H under formation, always wait for a BO or BD
#NIFTYSMLCAP
Keep an eye on that purple TL
#NIFTYMIDCAP
M pattern under formation, however no BD yet.
Confluence of support and purple TL
As mentioned in the last week:
High Beta sectors viz. Banks, Energy, Auto are still showing strength as compared to defensive sectorsπŸ’ͺ
Metals, need to wait for this week to see πŸ€·β€β™€οΈ
Defensive sectors viz. IT, FMGC, Pharma are witnessing profit booking
Hope this outlook helps ❀️
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Have & happy & a safe 😷weekend!

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