After a massive run in the Nifty Major Indices over the last three weeks, Wednesday we got our first sign of waning enthusiasm and a key inflection point to trade against. [Read more…]
Commodities have been an area of opportunity on the long side for months, but today we’re taking a look at a few that are at important inflection points. [Read more…]
This week we’re looking at a long setup in the Chemicals space.
Our friends over at Bloomberg reached out to us for some updated analysis, so we wanted to share what we told them here.
We hope this helps reiterate our views on the sector.
This is the recording from the live November 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: