it has alreready made a new all time highest close. It provided low cheat entry twice already in last 2 weeks.
A good breakout to new high is possible here

#tataelxsi

check these links. These are few. many other ones are there

https://t.co/pvpL7Nlw0D
https://t.co/azWOUxcaQw
https://t.co/Z2INuHqfSs
https://t.co/b3y1tCyOuW

How to recognise the strong sector?

Widely practised method is that to check the relative strength against the market. Here is the performance of each sector since nifty started falling. We can fairly accurately conclude that, we must look at PSUBANKS, METALS, AUTO

1/11

But how about the sectors such as healthcare, sugar, chemicals etc. These have no respective sector charts. How do u assess the strength in these.

Answer is to check the relative performance. Here is an example chart of health care stocks in NSE500 universe.

2/11

How do u see this?

Majority of the health care stocks are falling below the market. Its just one stock; NArayana Hridayalaya which outperforms the market. Surely its a "DO NOT TOUCH" sector

3/11

Here is how paint industry is faring at present. How do u see this?

Obvious to see majority of the stocks are underperforming the thick blue line (which is Nifty). With such as overal trend, its better to avoid such stocks.

4/11

Here is Beverages stocks & their relative performance to each other & against nifty. Trend is so obvious. Most stocks are falling much lessser than nifty.
In such adverse conditions, hollow stocks with brittle demand are prone to make steep fall. If they do not, its demand

5/11

On a day which gives huge gap at day open, mean reversion strategies works better than trend following/momentum strategies.

Those who are good at pullback trading can easily adapt to reversion and take advantage of current market conditions

If u are a pullback trader u get to take an entry very close to the end of a counter trend move which offer a very tight SL.
In case for a trend follower, the candle size near to the trend phase he is aiming at is way too larger and hence offer a much wider SL

Stoploss is carved on the rock
while
Target is written on the sand

Here is the complete tutorial for Volume Profile free tool in tradingview

https://t.co/MCaiFVBpj3