A Week of Pause, Yet No Panic 🤞🏻
Calm Before the Break?
⦿ Market Recap
◦ Monday: Indices slid, but some stocks held firm. Buzz in electrode stocks on sector-specific news.
◦ Tuesday: Flat day overall. Minor bounce in Aerospace & Defence after recent decline.
◦ Wednesday: Market stayed weak; metals showed solid relative strength.
◦ Thursday: Volatile expiry; recovery mid-day, but closed near day’s low.
◦ Friday: Weak start again, good recovery from lows by close.
⦿ Sector & Theme Highlights
IPO names and selective Auto & Metal stocks saw pockets of interest.
But follow-through was lacking; a sign of low conviction buying.
The gap zone in NIFTY proved to be a meaningful level once again.
Trendline resistance in smallcap and midcap indices worked well to keep rallies in check.
⦿ Market Outlook
As mentioned in Pulse-11, the NIFTY paused this week, exactly at anticipated resistance zones.
👉 No major bearish candle was seen, which is a positive sign.
But I maintain my cautious stance until we see a clear breakout above recent highs (Monday/Tuesday highs).
⦿ Focus for the Coming Week
Auto Sector: Trading near its 8-month base breakout zone. If it holds, it may lead.
Infra: Quietly building up strength; on radar for potential momentum.
Metals: Continue to display relative strength; worth watching for higher high follow-through.
Electrodes / Chemical stocks: To be tracked for any continuation post news-driven activity.
⦿ Chart Talk: What We’re Watching
⚡️ WAAREEEN_R
Once a market darling, now one of the most hated 😂
But the chart is now telling a different story,
⦿ Failed breakout has trapped early bulls
⦿ Now hovering near a confluence of AVWAP & 21 EMA; strong support zone
⦿ Narrow candle + month-low volume; possible exhaustion
⦿ A shakeout here would actually strengthen the case
It would have been on my anticipated list if the market wasn’t behaving the way it is right now.
⚡️ ENGINERS_N trading near a 1-year long base breakout zone; on close radar.
⚡️ EDELWEI_S & HBLENGI_E will also make it to the momentum watchlist this week.
⦿ From the Stocky Mind Community
💬 Gratitude like this is what fuels us. The goal was never just trades; it was transformation 🙌🏻
And the journey continues... 💛
⦿ Quote of the Week
"Sometimes, sitting on your hands is the most profitable trade."
See you in the next pulse with Stocky Mind Pulse - 13 🙌🏻
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Stocky Mind ⚡️
⚠️ Disclaimer
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It is not financial advice or a recommendation to buy or sell.
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