rising ma

Trading just 1 pattern

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Trap pattern (failure of bullish/bearish breakout) often results in strong move in the opposite direction.

[rising ma @ma_rising]

Many more stocks from the #realty sector is looking good. Check individual stocks and pick your poison.

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Strong traction in realty sector.

#PRESTIGE #PURVA #AJMERA etc are the top gainers today.

[rising ma @ma_rising]

#DBREALTY looks interesting on daily timeframe as well.

After a 100% upmove, the stock is in a tight range. Notice the absence of follow-though sell signals which signifies strength.

[rising ma @ma_rising]

Before we wrap up:

#Nifty50 showed some strength last week but trend continues to remain bearish. But mid smallcap indices are displaying tremendous momentum.

How long will this divergence continue, only time will tell... but till then let's continue making money.

[rising ma @ma_rising]

Weekly update:

Top 10 gainers from the Nifty Total Market universe in the last 1 week:

- RAILTEL
- IPL
- OPTIEMUS
- RTNPOWER
- BHEL
- POKARNA
- GOKEX
- UFLEX
- BSE
- JPASSOCIAT

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As for industries, broad based buying across the board.

Telecom, railways, hotels, metals, defence are some of the sectors that saw decent buying last week.

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Dyes and Pigment companies in focus today. Select stocks from chemical space are also showing strength.

What I could gather from concall of few of these companies was that headwinds have eased but demand was still sluggish

Meanwhile chart of select stocks are setting up nicely

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Dyes and Pigment companies showing strength today, led by #SUDARSCHEM and #SHREEPUSHK

Performance of both these companies was strong in the last quarter driven by sharp uptick in demand.

Need to find triggers going forward but prima facie this segment looks interesting.

[rising ma @ma_rising]

Complexity is a form of laziness: @lb_ASC

Detailed explanation here: https://t.co/MU551sQesi

[rising ma @ma_rising]

Simple can be harder than complex - Steve Jobs

[rising ma @ma_rising]

Before we wrap up:

#Nifty continues to remain under pressure and that is bit of a cause for concern.

Though there are several mid/small cap stocks that are setting up well, so my approach would be to take trades with a small position size.

Let's see how things pan out.

[rising ma @ma_rising]

Weekly update:

Top 10 gainers from the Nifty Total Market universe in the last 1 week:

- TITAGARH
- JWL
- GMDCLTD
- GABRIEL
- JISLJALEQS
- EMIL
- LINDEINDIA
- VSTTILLERS
- GMRINFRA
- BAJAJHIND

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As for industries, several industries showed promise last week. Some of them are:

- Telecom
- Railway
- Industrial Minerals
- Plywood
- Fertilizer
- Paper
- Commodity Chemicals
- Hotels
- Dairy

Basically, there was broad-based buying across industries which is always a +ve sign

[rising ma @ma_rising]

Nice follow through move in Paper stock.

Notice there also is a strong traction in Printing and Publishing companies such as #SCHAND and #NAVNETEDUL - which is because of the recent development.

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Paper stocks - nice follow-through move today