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.
Big day everyone! We are debuting a new feature for Premium Members of All Star Charts India! There are a lot of exciting things lined up, but it’s time to reveal a little something now.
Introducing the new kid on the block- The Outperformers!
The Outperformers is our newest scan that pinpoints the very best stocks in the market. It’s the fastest, easiest way to find quality names that are primed for major moves.
You’d have to be a part of the market for quite some time to be able to claim that you witnessed a bull run in the PSU Banks sector. This sector is notorious for perpetual underperformance regardless of the market sentiment.
Well, maybe that’s changing. Over the past two weeks, these hibernating stocks decided to wake up and join the party. Looks like they finally received the invite for the ongoing rally!
We held our February Monthly Conference Call on 16th 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 February 2021 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:
Nifty Industrial Manufacturing has been performing well and has caught our attention over the past two weeks. We selected Cummins India and Siemens Ltd. in our Trade of the Week before. But it seems like the other constituents are catching up as well.
We thought we could look at actionable ideas in this sector as several stocks are breaking out of big bases.
This week we’re looking at two long setups belonging to the Financial Services sector that has been performing well.
[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.