#WeeklyIndexCheck CW43/2022
Market Quadrant:
⦿ Trend: Uptrend under pressure
⦿ Momentum: Positive & improving
⦿ Breadth: Bearish but improving
⦿ Bias: Bullish
⦿ Swing Confidence: 100
Market Quadrant:
⦿ Trend: Uptrend under pressure
⦿ Momentum: Positive & improving
⦿ Breadth: Bearish but improving
⦿ Bias: Bullish
⦿ Swing Confidence: 100
Trend
⦿ Most indices are still in an uptrend under pressure, but gradually moving towards a confirmed uptrend.
⦿ Both Nifty & Banknifty are now in a confirmed uptrend.
⦿ Media, Energy & PSE are in a confirmed downtrend.
⦿ IT & Pharma are in a rally attempt.
⦿ Most indices are still in an uptrend under pressure, but gradually moving towards a confirmed uptrend.
⦿ Both Nifty & Banknifty are now in a confirmed uptrend.
⦿ Media, Energy & PSE are in a confirmed downtrend.
⦿ IT & Pharma are in a rally attempt.
Momentum
⦿ Nifty, Banknifty & CNX500 have positive & improving momentum
⦿ Midcap & Smallcap still have positive but worsening momentum
⦿ NiftyJR & FMCG have negative & worsening momentum.
⦿ Long-term momentum will still take time to turn positive.
⦿ Nifty, Banknifty & CNX500 have positive & improving momentum
⦿ Midcap & Smallcap still have positive but worsening momentum
⦿ NiftyJR & FMCG have negative & worsening momentum.
⦿ Long-term momentum will still take time to turn positive.
Swing
⦿ Both Nifty & Smallcap index stay in Confirmed Upswing. Both indices are in a weekly upswing.
⦿ SwingConfidence stays at 100. Long-only swing traders would be all-in now.
⦿ Most indices are also in a confirmed upswing.
⦿ Both Nifty & Smallcap index stay in Confirmed Upswing. Both indices are in a weekly upswing.
⦿ SwingConfidence stays at 100. Long-only swing traders would be all-in now.
⦿ Most indices are also in a confirmed upswing.
Breadth
⦿ Market breadth somewhat improving.
⦿ Intermediate timeframes still await fresh buy signal.
⦿ Higher timeframes partially bullish.
⦿ Market breadth somewhat improving.
⦿ Intermediate timeframes still await fresh buy signal.
⦿ Higher timeframes partially bullish.
Bias
Overall, the market is bullish for 15th consecutive week, as the number of stocks up 25% plus in a quarter stays greater than that down 25% plus in a quarter.
The ratio between the two is the primary breadth ratio, which is now 3.4.
Overall, the market is bullish for 15th consecutive week, as the number of stocks up 25% plus in a quarter stays greater than that down 25% plus in a quarter.
The ratio between the two is the primary breadth ratio, which is now 3.4.
That’s all for this week. If you'd like to read this as a newsletter, find it here:
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