Get started

Sector

Special Analysis on DQ - it is about time!Some time ago, a good friend tol me about buying DQ. That's when I started tracking for this friend's benefit, and offering my own perspective. Real as it was, previous calls were pretty on the spot and DQ dropped significantly since I started looking at it on occasion. I am looking at it again now... and I see nice things for a bullish run to commence soon. 1. A double bottom formed 2. on the back of Bullish Divergences of both MACD adn VolDiv indicators. (See green arrows below) 3. XLE and friends like BTU (just posted) and ENPH are showing their own bottoming out. 4. Projected to about 29ish and then possibly to above 40 in the longer run. For this, we need the bottoming pattern to complete and start a proper bull rally, which is then likely to be clearer to double-triple the current price of today. Time to really look and maybe accumulate if you ask me.
NYSE:DQLong
by Auguraltrader
EICHER Motors is around Long term support Eicher Motors is around the medium term support !! Stock has never broken support working from 2020 Log Chart support is working beautifully and has support around 3500-3600 On a Linear Chart stock has made 2 support and recently short term support working Linear chart support is around 3480-3520 !! Stock is Goof until support is intact !! Thanks !! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:EICHERMOTLong
by FiveCircles
LWL.N0000LWL will be bullish in upcoming days. LWL needs to close daily candles above 50+ (above 50, 200 MA lines) Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSELK:LWL.N0000Long
by rukshan2102
3
XLY WCA - Inv H&SSector: Consumer Discretionary Select Sector SPDR Fund Ticker: XLY Exchange: NYSE Arca Industry: Exchange-Traded Fund Introduction: Welcome to our weekly technical analysis. Today, we're looking at the Consumer Discretionary Select Sector SPDR Fund (XLY), listed on the NYSE Arca exchange. The weekly chart is currently exhibiting an inverted Head and Shoulders pattern, suggesting a potential bullish reversal. Inverted Head and Shoulders Pattern: An inverted Head and Shoulders pattern is typically seen during periods of market consolidation following a downtrend. It signals a potential reversal, characterized by three troughs, with the central one (the head) being the deepest, and the two on the sides (the shoulders) being shallower and roughly equal in depth. Analysis: Previously, the XLY sector was in a clear downward trend, as represented by the blue diagonal resistance. However, the emergence of an inverted Head and Shoulders pattern during the consolidation phase suggests a potential bullish reversal. Impressively, the right shoulder is higher than the left shoulder, adding to the bullish sentiment. Furthermore, the price has broken above the 200 EMA and the horizontal resistance at 153.40, reinforcing the bullish environment. The current consolidation at this previous resistance level, indicated by a dragonfly doji, may solidify the breakout. However, confirmation will only come with the closure of the current candle. Should the breakout hold, the price target is set at $177, indicating a potential upside of approximately 16.7%. Conclusion: The weekly chart of the XLY sector reveals an intriguing setup in the form of an inverted Head and Shoulders pattern, suggesting a potential bullish reversal. This may signal profitable trading opportunities in stocks within this sector over the coming weeks. As always, this analysis should be used as part of your overall market research and risk management strategy, and not as direct trading advice. Remember, trading carries risk, and past performance is not indicative of future results. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh
AMEX:XLY
by KarimSubhieh
XLC Sector WCA - Inv HS Sector: Communication Services (XLC) Introduction: Hello everyone! Today, we're analyzing the weekly chart of the Communication Services Sector (XLC). After a clear downward trend, we observe a potentially bullish reversal marked by a variation of an inverted head and shoulders pattern. Inverted Head and Shoulders Pattern: Typically, an inverted head and shoulders pattern serves as a bullish reversal signal, suggesting a shift from a downtrend to an uptrend. Analysis: The XLC's price action has been forming a variation of an inverted head and shoulders pattern over the past 342 days. With a recent breakout above the horizontal neckline at $60, the price is decisively above the 200 EMA, supporting a bullish market environment. The projected price target based on this pattern is $75, which equates to a potential increase of around 25%. From this analysis, we infer that the Communication Services Sector may outperform in the coming weeks or even months. Therefore, it might be worthwhile to pay closer attention to the individual stocks within this sector. Conclusion: The weekly chart of the XLC sector has shown a confirmed bullish reversal signaled by an inverted head and shoulders pattern. With a successful breakout above the neckline already in place, this could indicate a continuing bullish trend, suggesting that it may be an opportune time for long positions in this sector. As we expect the Communication Services Sector to potentially outperform in the coming weeks or months, investors might consider focus on individual stocks within this sector for investment opportunities. As always, your own research and risk management strategies should guide your investment decisions. Thank you for tuning into this analysis. Don't forget to like, share, and follow for more insights into the market. Happy trading! Best regards, Karim Subhieh
AMEX:XLC
by KarimSubhieh
PPG Industries WCA - Rectangle Reversal PatternCompany: PPG Industries Ticker: PPG Exchange: NYSE Sector: Materials Introduction: Hello and thank you for taking the time to read my post. Today, we analyze PPG Industries' chart on the weekly scale, focusing on a classic price pattern called the "Rectangle Pattern." PPG Industries is a global supplier of paints, coatings, and specialty materials, traded on the NYSE under the ticker PPG. Classic Rectangle Pattern: The classic rectangle pattern is a chart pattern formed when the price of an asset moves between two parallel horizontal lines, representing support and resistance levels, over a period of time. It reflects a consolidation phase where the market is undecided about the direction of the trend and can serve as a reversal or continuation pattern depending on the context. Analysis: PPG Industries offers an excellent example of a rectangle pattern serving as a reversal pattern. The overall trend has been bearish since 07/06/2021, with the rectangle emerging as a consolidation pattern during this period. This 399-day-old pattern demonstrates clear touchpoints on both the lower and upper boundaries, which are situated at 107 and 138, respectively. Recently, the price broke out of the rectangle and is now retesting the multi-month resistance-turned-support, suggesting a potential trend reversal. All of that happens above the 200 EMA. Price Targets and Resistance Levels: The price target for this pattern is set at 168.55, which translates to a 22.13% increase from the current level. On the way to the target, we may encounter resistance at a supply zone near 168, which should be monitored closely. Conclusion: The PPG Industries weekly chart showcases a textbook example of the rectangle reversal pattern, indicating a potential trend change from bearish to bullish. As the price has broken out of the rectangle and is currently retesting the former resistance as support, traders should keep a close eye on the development of this pattern. Remember to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NYSE:PPGLong
by KarimSubhieh
what would continuation toward contango look like?spot is having a time catching up with price, and this is one of my favorite derivatives. if the turnaround is going to continue to break out, and we pull back to a comfortable level keeping the uptrend daily i would follow the uptrend with leverage. im excited about the current daily pattern being a sign that a snap back to the bulls could happen tuesday, and im also excited about a lot of potential shorts of equity in the index. im just as excited about going long around emas and trendlines holding bull in the overall index. using fib im aiming for bear weekly highs as well as the 1 and the 1.618 as long as we are beating the regressive bottom and accute trend angle.
NASDAQ:TQQQLong
by cerealpatterns
6
Daily Sector Watch : Will Eutelsat Communications recover?Our 2 leading sectors are Crypto and Space at the moment. While Weed stocks have not shown any sign of recovery yet. Todays stock pick is ETCMY , a space stock that has been underperforming the rest of the sector for a while and is stuck at a support area. Let's compare the index to the stock: Index: Stock: Below a closer look at the 5 sectors. Bright color means bullish activity on a stock. 🟢WEED STOCKS TOP 10 Teradyne Curaleaf Holdings Green Thumb Industries Trulieve Cannabis Corp Canopy Growth Corp Verano Holdings Corp Cronos Group Inc Tilray Brands Inc Cresco Labs Inc SNDL Inc 🔴CRYPTO COINS TOP 10 Bitcoin Ethereum Binance Coin XRP Dogecoin ADA Matic Tron Dot Solana 🟣INDEXES US30 S&P 500 FRA40 GER30 NTH25 ASX200 EUSTX50 JPN225 HK50 Banknifty 🔵SPACE STOCKS TOP 10 Iridium Communications Inc Ses Rocket Lab USA Inc Aerojet Rocketdyne Holdings Inc Viasat Maxar Technologies Eutelsat Communications Astra Space Inc Sats Planet Labs 🟤RETAIL FOOD STOCKS TOP 10 Kroger Company Albertsons Company Sendas Distribiduira S A Sprouts Farmers Market Grocery Outlet Holdings Weis Market Inc Ingles Markets Inc Arko Corp Companhia Brasileira De Distribuidao American Beyond Meat
OTC:ETCMY
by Honestcowboy
this thing is about to smash the market into little tiny piecesarent we all glad we reinvested early in semiconductors? i sure am. the short semiconductor etf is going completely insane. expect that to continue. if you look at the 5 minute you can see we are poised for breakout. we will probably go outside upper envelope, swing back to value area low before moving higher. i dont see anything thats going to stop the total collapse of the semiconductor industry as we know it, do you?
AMEX:SOXSLong
by cerealpatterns
NIFTY 50 SHORTING!! ABOUT 2.5% FALL!!i have seen the major sectors, and major blue chip stocks, there charts, based on there current positions, and those particualr sectors and stocks's weightage, i have come up with nifty's shorting. NIFTY WILL FALL ABOUT 2.5-3%. since its been a little overvalued, it needs to get a correction. now recently it gave its ATH, and a pullback from it, there on, its been a little overvalued to touch that particular point. now it needs a time to get rest, and be volatile in nature, then it will again resume its rally. one more point to just add on: US MARKETS, are yet too volatile, and they are nearly to be bearish in nature, recently S&P indices could not break the lower low pattern. yet, this could worry the INDIAN MARKETS. and top of that nifty it is already seen it, woth a red candle given past week. i will show a small concluding analysis of what sectors and stocks i had selected to short the nifty, as i ws mentioning earlier. (i will mention the once which are majorly in fall, and supporting nifty to rise)... SECTOR ANALYSIS- BANK NIFTY: 7% FALL NIFTY FMCG: 7% FALL NIFTY ENERGY: 4.5%(approx) FALL NIFTY METAL: 12% FALL NIFTY IT: could fall 2%, then move upward about 10-15% STOCKS ANALYSIS- RELIANCE: COULD FALL 3%, BUT THEN NEEDS TO MOVE ABOUT 10% UPWARD HDFC BANK: YET 10% UPWARD MOVE IS PENDING... ICICI BANK: 10% FALL INFOSYS &TCS- COULD FALL 3-4%, THEN MOVE ABOUT 10-15% UPWARD KOTAK FALLING 6%. i see major secotrs like bank nifty and fmcg, being overvalued, and needs correction, and nifty it being undervalued, a big move still not completed. other sectors like pharma, fin serv &auto to be neutral, being volatile. nifty metal is in crucial stage, since it has just given a pullback, but yet needs to be conformed by its further moves, but most probably it needs correction. i will slowly bring analysis on nifty mid and small caps too, and other imp stocks to get covered, and there further moves.
NSE:NIFTYShort
by raghavchoudhary2016