Mastering Technical analysis is necessary if you want to predict the clear price movements of stocks.
But more than often many people miss to study and analyse, or rather fail to apprehend the importance of Sectoral Rotation.
One of the reasons might be the hindrance to collate such kind of data or even after having such data it would be obfuscating to import this into a software for a non-IT person.
I believe sectoral analysis is a pivotal desideratum of technical analysis. Analyzing sectoral strength helps to locate strong stocks that can outperform the market when the market turns. Picking the strongest stocks in the strongest sector when the market falls helps pick up the winners when the market rebounds.
To make things easier for people who want to board on this trajectory, I present this video tutorial on importing sector classification into Amibroker.
After 3 months of tedious, meticulous and indefatigable efforts I at last prepared an entire sector and industry classification for NSE listed stocks.
At first, I got the NSE sector classification but as it did not appeal to me, I tried the BSE classification which seemed much more appealing and so my final work is using BSE nomenclature of sector classification using stocks listed on NSE.
