u/RoundLevel7298

Check out this video by WealthLab Analytics on their YT

Do you believe there is more downside from here?

The other data points that we can look at are:

- Corporate India Earnings Growth (You will be surprised to see the pessimism even after the results)

- The RSI on the Weekly/Monthly Chart (RSI also has a support and resistance, after all it is the mood)

- The Bounce Back of the IT sector.

Decided to buy Private Banks ETF on April 1st week (and the market also bottomed that day)

Why did I do that?

The breath indicator on https://wealthlab.in was showing extreme bearishness and a double bottom on A-D oscillator.

Along with that Private Banks were picking up Relative Strength with 3 of them coming into stage 2 on the same day.

P/B were around 2-2.5 avg.

Felt like the right time to allocate capital.

How long do I hold this? Since returns are great for the amount of time hehe

Does this Relative Strength or Stage 4 thing works? How often? Do you track it?

The ss is from WealthLab.in, came across on one of the subs here, is it the IBD one? What's happening to the Indian landscape!

Wanted to be a contrarian.

HCLTech is now bottom 7% of the Market.

Infy is now bottom 5%!

RS on IT services just going down (data is via wealthlab.in)

Do not feel the value of Indian IT is so bad, but market is continuing to punish

Hold. Until. When?!

Crashed more than the market, when market fell 2% and my PF goes down by 3.2% , am I doing something wrong?

Using Wealthlab.in for my analysis.

It's been exactly one year since India launched

Operation Sindoor, and the defence rally has been

incredible — Nifty India Defence Index up ~30%,

some marine tech names up 60%+ in 12 months.

But I've been digging into the underlying data this

week, and there are a few things that don't add up

if you're still bullish at these levels. Sharing my

notes in case it's useful for anyone holding defence

names.

**1. Relative Strength is fading even as prices hit ATH**

The RS Rate of Change for the defence sector has

flipped. A year ago, it was solid green bars across

the board. Now, the red bars are bigger than the

green ones. Price is making new highs but underlying

strength is correcting — classic late-stage behaviour.

**2. PE multiples are hard to justify**

- Most defence names: 70–80x trailing PE

- Mazagon, GRSE, Paras, Data Patterns all in this range

- HAL is the "cheapest" and even that's stretched

For a sector that depends on government order books

and lumpy execution, these multiples need flawless

delivery just to hold up — let alone expand.

**3. Market breadth is stretched broadly**

This isn't just defence:

- 84% of stocks are above their 50DMA

- Daily 4%-up stocks dropped from 51 (May 6) to 19 today

- Advance-decline starting to deteriorate

- Last time we hit these levels, the market chopped

sideways/down for weeks

**4. Where is money actually rotating?**

The themes gaining real strength right now:

- Wires & Cables (RR Kabel, KEI Industries — RS rank

jumped from 30 to 89 in a few months)

- Recycling & Waste Management (Ganesha Ecosphere,

Pondy Oxides — some with PEG below 1)

- Private Banks + NBFCs (BFSI as a combined theme)

- Auto Ancillaries (24 of 70 names in momentum)

Sectors losing strength: Defence, Power, Metals &

Mining, Energy, Food & Agri.

**My take:** Not calling a top. But if you're holding

defence at these levels, it's probably worth having

a written exit plan rather than just "holding for

the long term" on autopilot. The risk-reward has

genuinely changed in the last 4-6 weeks.

Curious what others here are seeing. Are you trimming,

holding, or still adding to defence?

---

Disclaimer: Not investment advice, just my reading of

the data. Do your own research.

FMCG looked to revive as the economy recovers, Manorama was trading below fair value

MahaBank has been beating earning guidance with 20+ ROE and EPS growth.

Then I made another investment last week which is also 11% up already!

This feels great and I do not know if I should make my portfolio public ?

Is the correction over? With no meaningful pullback, and SMIDs now at all time high, this rally seems to have locked out.

Net new highs have been growing everyday, with no major move on the opposite side?

The earnings have also grown for SmallCap companies.

Should one rather be cautious at this point?

data is via (wealthlab.in)[wealthlab.in]