Breakouts LargeCaps –Bharti AIrtel, BPCL , Hindustan Unilever, ITC. Sectors on Radar & extra Insights.

1) Bharti Airtel

Regular uptrend.

A classical Bullish Flag Formation.

All time highs at 1520-1536 band.

2) BPCL

Did a retest of the breakout zone of 280.

New vary at 280-350

Breakout into all time highs.

Ex dividend just lately.

Oil and Fuel Sector displaying management.

3) Hindustan Unilever

Was the primary one to hit new 52 week highs in 2020.

Main underperformer.

A number of tops at 2750 in final 2 years.

2021 and all time highs across the 2800-2850 mark.

4) ITC Restricted

Consolidation after that vast rally.

Earlier prime at 500-510 appearing as a resistance.

Pause and consolidation round resistance.

Disclosure – The Writer has positions in a few of the shares and is biased. Please learn the disclosures – https://nooreshtech.co.in/disclosures

Sectoral Radar

From our earlier put up – The Rotational Bull Market – https://nooreshtech.co.in/2024/08/the-rotational-bull-market-sunday-thoughts.html

Some Sectors/Themes which have come up on our Screens.

Disclosure – Biased and Invested in a few of them.

Relative Power & Outperformance. ( All persevering with power)

1) Agri and AgroChemicals

2) Textiles

3) Oil and Fuel

4) Logistics

5) Insurance coverage

5) Pharma ( Smaller names breaking out )

Hated however on Radar.

1) Giant Cap Banks ( Nonetheless on watch )

2) Diagnostics ( Breaking out )

3) Media ( first hints of worth motion )

Attention-grabbing Charts – Not Actionable however offers insights

1) BankNifty – Curiously positioned

#BankNifty – Curiously positioned. #Banks and #Financials have been 25-40% of #Nifty50. Outperformer from 2009 to 2020. Additional underperformance will take the Ratio again to 2020/2016/2014. Our Final Report on Banks – July 22 – https://t.co/wZqKae4Sk7

For now its a little bit too early however one can really take a look at accumulating the sector allocation if one has a big cap bias.

2) Crude – At a serious assist

Robust to name a breakdown or a rally from right here.

However a break under 73-75 and 85-88 will determine the following pattern.

For now seems to be like vary certain strikes to proceed.

3) Smallcaps making a comeback globally

An fascinating chart from all star charts web site

Efficiency Replace

3 years with @smallcaseHQ ! Our Prime 10 Techno Funda Smallcase ranks among the many prime, delivering the best 3-year CAGR returns in Technicals, and the second highest in Fundamentals and Momentum!

Go to https://nooreshtech.smallcase.com to know extra