We retired our “Five Bull Market Barometers” in mid-July to make room for a new weekly post that’s focused on the three most important charts for the week ahead.
This is that post, so let’s jump into this week’s edition.
Expert technical analysis of financial markets by JC Parets
We retired our “Five Bull Market Barometers” in mid-July to make room for a new weekly post that’s focused on the three most important charts for the week ahead.
This is that post, so let’s jump into this week’s edition.
The end of a month is more like a celebration at ASC. We sit back, relax, and go through Monthly charts and look out for interesting trends developing across the globe. In our Top-Down Analysis approach, we go through thousands of charts to arrive at a wholesome view of the market.
There were five charts that popped out in particular. We thought of giving you a preview of our Monthly Charts Strategy Session which is scheduled for Tuesday, January 5th at 7PM IST.
Let’s take a look at these charts!
Nifty Infra is pushing up against its long-term resistance. While the index has halted at these levels before, current market rally may lead to a breakout soon, going by the bullish momentum we’re seeing in the index.
We’ve been tracking the cement space, and while earlier there were limited actionable trades, recent buying interest grabbed our attention again. We decided to dig a little deeper and found some actionable ideas.
Let’s take a look at this space and see what the charts have to say.
The bullish trend in the market continues as more and more sectors and subsets join the rally. We have maintained our bullish stance on the Financial Services sector for quite some time but we thought we should dig a little deeper this time. Today we decided to look at a subset that has been performing well and could witness greater returns in the weeks and months ahead – Insurance.
This week we’re looking at a long setup in the IT sector that is witnessing a good move. [Read more…]
We retired our “Five Bull Market Barometers” in mid-July to make room for a new weekly post that’s focused on the three most important charts for the week ahead.
This is that post, so let’s jump into this week’s edition.
We held our December Monthly Conference Call on 22nd which our Premium Members can access and rewatch here.
In this post, we’ll share five of the most important charts along with JC’s commentary of them and a brief explanation for each.
This is the recording from the live December 2020 Conference Call for Members of the Allstarcharts India! Before getting into individual stock ideas in India, we’re going to first start with the global macro perspective. Once we identify the direction of the underlying trends from a structural and broader view, then we’ll dive into the NIFTY Indexes on both longer-term and short-term timeframe. We want to look at Large-caps, Small-caps and everything in between before getting into the Sector and Industries themselves like Energy, Banks and Pharma.
This is when we finally break things down to the individual stock scenario with identified risk vs reward opportunities. That is what this is all about – aligning ourselves in the direction of the underlying trend while at the same time identifying where the risk is to make sure the potential reward is skewed exponentially in our favor. You will find that throughout this process we discuss Momentum, Fibonacci and Relative Strength. I encourage you to check out the Education Section so you know exactly where I’m coming from when you hear me mention these tools.
Here is the video in full: