This is the video recording of our February 2nd, 2021, Monthly Charts Live Strategy Session.
Here is the video in full:
Expert technical analysis of financial markets by JC Parets
This is the video recording of our February 2nd, 2021, Monthly Charts Live Strategy Session.
Here is the video in full:
Nifty 50 witnessed a strong move of 4.74% on Monday as the index bounced back from lows to close near the high of the day. Does this change the way we look at the short-term trend in the market?
Read on to know more.
This week we’re looking at one long setup and one short setup. The sectors we’re focusing on this time are Manufacturing and Media.
As long as the short-term weakness in the market is in place, we will look for selling ideas that fit our risk management and time frame prerequisites. [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 noticed a weakening momentum in several indices across the globe even as big talk of ‘Budget correction’ started to gain traction. In order to benefit from the short-term negative move, we identified strong and weak sectors over a short-term time frame. For the first time in a long time, we also shared a bearish trade idea in our Trade of The Week post.
Today we’re going to look at some more short setups that are on our radar, in order to benefit from the dip in momentum we’re witnessing.
Read on to know more.
The market had given us an indication of a weakening short-term momentum at the end of last week. We thought this would be a good time to go through the sectoral indices to identify strengths and weaknesses.
Read on to know more.
In the week gone by, we saw a weakening sentiment develop on the Nifty 50 daily chart. We looked at this through a lens of caution and continue looking for signals that either strengthen or negate this thesis.
At All Star Charts we follow a top-down research approach whereby we track all the asset classes and global markets in order to arrive at our view. In our weekly analysis, we carried out the same process and saw a pattern worth mentioning.
Let’s take a look at some charts!
This week we’re looking at one long setup and one short setup. The sectors we’ve identified are Consumer Durables for a bullish trade and Financial Services for a bearish trade. [Read more…]