Market Insight: Relative Strength Shift in Leadership
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Market Insight: Relative Strength Shift in Leadership
The Relative Strength (RS) chart of BANK vs IT (P&F format) is now signaling a decisive shift. An Inverse Head & Shoulders breakout (as highlighted in the rectangle) confirms strengthening momentum in the Banking space relative to IT.
At the same time, the earlier shared RS setup of PVT Banks vs PSU Banks is approaching a key support zone with a potential reversal structure.
What is getting clearer:
Banking sector is emerging as a relative outperformer vs IT
Within Banking, PVT Banks are likely to take leadership
This is how sector rotation unfolds—first at the index level, then narrowing down to stronger pockets within the sector.Stay aligned with relative strength, not absolute narratives.
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Nishesh Jani,CFTe
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