Reality Stocks at the verge of Outperformance
Tool kit and Top-bin Watchlist
"Increasing Relative Strength >>> High Relative Strength"
When the general market is forming a bottom and is -4% off the Top, CNX Realty today made a New Multi-year High high. Ready to challenge a 14-year-old pivot high. This is ladies and Gentaalman, a HUGE base breakout, which could set things in motion. Remember, "Bigger the Base, Bigger the move"
This MOVE could just be beginning (only time will tell). But the Strength is true and undeniable. I catch them when the strength arrives but also very early (very).
This is exactly how I do it.
By following the PROCESS.
Process followed by Homma:
End of day Scans the Key Indices.
Finds the outperformance by Realty index (>4%, fecking hell).
Remebers a similar outperformance on Friday (6th October). 3% vs 0.5% general market. Light bult + Antenna Both ON.
Quickly scan the Sector Rotation and Relative Strength dashboard (link below):
Sectoral performance in the last 1 week.
4% Net Up Down Sectoral.
Both Confirms increasing strength in Realty.
Dives Deeper on the CNX Realy Chart.
Finds a BIG base Breakout (13 year Base). Wow.
Goes to Individual Stocks of the Realty Index.
Spots clean Outperformance in individual stocks as well (confirmation. Always confirm brother, always)
Goes to the Realty list.
Finds Outperformance left-right and Centre.
Flags the Flag set-ups (bread and butter set up) with Red.
Long Base Breakouts with Yellow.
Flags not ready yet with Green and
IPO names with some other random colour.
Homma is ready.
Want the Tools and the Watchlist?
Scroll Below fast.
Sector Rotation and Relative Strength Dashboard:
https://chartink.com/dashboard/177929
Video Explainer (old): https://t.co/KwEICGLdbo
My Realty Sector Watchlist:
https://in.tradingview.com/watchlists/94105754/
That's all for today.
Before signing off.
A reminder, “Optimise the process and the profits will follow”.
The process will be personal.
No two traders process will be the same.
So iterate, Keep the stuff that works, discard that doesn’t.
It basically depends on who you are as a trader.
You a Sehwag or a Dravid?
Whats your timeframe?
Whats your risk appetite?
Not sure about this yet?
Worry Not.
Sakatas Homma will help you find it. Step-by-Step
I do that in 2 ways:
The Sakatas Homma TA masterclass for beginners:
A monster course 8-10 hours. Hourly sessions on weekends. Twice a year.
Please register for the next batch using the link below.
https://docs.google.com/forms/d/e/1FAIpQLScfnQA1w9WDTtTAPEHIqzkS9jhRSZFA1BZXuWRZ5JPZ3Qfu8g/viewform
Watch my 1st session of the spring 2023 batch.
Homma Private Access membership:
HPA is a subscription-based educational service (on WhatsApp). Benefits include:
Daily Market Breadth Update.
Access to my scanners, dashboards, and charting layouts.
Weekend hourly session and Q&A.
Live updates on my portfolio and the trading setup rationale.
Live updates of key setups I am tracking.
Yearly membership of 12000/- INR only.
UPI payment & WhatsApp @ 9481506784.
Yours
Sakatas “Methodical” Homma.