Investors must continue to keep their eyes open and get into the right sector at the right time. The intermediate uptrend, which had started from the October 19, may not be over and we are likely to see higher levels in the coming week. The next intermediate term correction will be the right time for investors to get into the stock in various sectors, which are already in a major uptrend. The cycles of all the sectors are not the same and investors will have to track the stocks on an individual basis and pick up long positions in the stocks and sectors, which bottom out.

Today I will look at the "Electrical Equipment Sector", which is subdivided into many groups. However, many individual stocks from various groups have been bottoming out. Investors must look at only those stocks which exhibit a bullish relative strength.

Bhel
Bhel has been moving up with a spurt in volume in the past few weeks as the stock has now moved towards the strong resistance of the descending trendline. The volumes in the past few weeks have been quite encouraging suggesting that there is quite a bit of accumulation at lower levels. The relative strength line for the stock has come very close to its trigger line and is very likely to cross it. This could either happen now or in the next intermediate rise. Investors must pick up long positions in the stock in the next intermediate term correction.

Crompton & Greaves
Crompton is now in a confirmed major uptrend as the stock closed above its earlier intermediate top and is also not well above its 30 WMA. Traders who have picked up long positions in the stock may convert their trading positions into investments while investors, who are looking out for fresh investments, must pick up some long positions now and more when the stock pulls back towards its 30 WMA. The relative strength line is very close to its trigger line and will cross the same confirming that the stock is outperforming the indices. A close above 29 will result in the stock completing a triple bottom formation giving the stock a minimum target of 10 points on the upper side.

Amar Raja Battery
Amar Raja Battery has been zooming ahead in the current intermediate uptrend as the stock has moved well past its earlier intermediate top and its 30 WMA. The relative strength line for the stock is quite bullish as it has moved well above its trigger line. Investors must hold on to the long positions in the stock while more long positions in the stock can be added during the next intermediate term correction ie, when the stock pulls back towards its 30 WMA. The current rise by the stock is well supported by the rise in volume, which is a very bullish sign. Higher levels in the stock will be seen in the next intermediate term rise.

ABB
ABB has moved closer to its earlier intermediate top of 248 and the stock has crossed it on an intraweek basis. On an intraday basis, the stock has crossed its earlier intermediate top and could be in a major uptrend.

Traders must continue to trade the stock on the long side while investors must look out for a correction in the next few weeks and pick up long positions on a pull back towards its 30 WMA. The relative strength of the stock is already bullish as it has moved above its trigger line suggesting that the stock is outperforming the indices.

Havell's Ind
Havell's Ind has been exhibiting the least downside momentum in the bear market since February. The stock moved in a narrow range and took a support at the 30 WMA as it moved up to cross its descending trendline with a rise in volume. The stock has been exhibiting ascending major tops and bottoms and will soon enter the new high territory. Investors must pick up long positions in the stock with a stop at 130. Continue to move the stop higher as the stock moves up. Once the stock goes into the new high territory, the momentum on the upper side will increase.