This week we’re looking at a long setup in the Chemicals space.
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:
This week we’re looking at a long setup in the Fast Moving Consumer Goods space.
As we come into the week of Dhanteras and Diwali, and the celebrations that go with that, let us talk about some of the financial decisions we may consider at this time. I heard Swarup Mohanty at Mirae Asset Management say this a few weeks ago: “Dhanteras is the time for our Annual SIP into Gold.” It’s true and I’d never thought of it that way.
Buying Gold has been a traditional investment for many. But financial markets have developed to the point that we look at buying Gold as a financial decision – complete with its risks, rewards, and top-down analysis.
(I’m not sure if Mr. Mohanty came up with that expression or if I should have credited someone else. I heard it from him. Please forgive any mistakes in this.)
This week we’re looking at a long setup in the Fertiliser & Pesticide Industry.