#WEEKENDSCAN 🚦 | July Week 3
📈 Index Update
✅ Above all the key EMAs (10, 20, 50, 200)
🔄 Currently around 20 EMA
📝 Last Week Feedback
✅ Setups emerged last week for entries, but the breakout feedback was highly volatile, and follow-throughs were completely lacking.
Some names that moved >15% failed to sustain and erased the entire move.
➡️ We may still see setups this week, but it’s important to check if we’re getting the feedback required to run positions. Otherwise, it’s better to watch and act only when the market demands.
⚠️ Drawdowns (DD) are common during such unstable markets.
Ensure they’re under your control, and act decisively when the time is right.
🔍 Sectors to Focus (My Focus Areas)
🧪 CHEMICALS
💊 PHARMA
🚀 IPO’s
📌 Observations & Tips
🔥 CHEMICALS is looking strong to me.
Charts are showing clear signs of institutional accumulation.
I would like to improve my trading journey. I just started trading at very novice level