Expert technical analysis of financial markets by JC Parets
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January’s Strategy Session will be held on Tuesday, February 2nd at 7 PM IST. As always, if you cannot make the call live, the video and slides will be archived and published here along with all of our past conference calls.
Here are the details for Tuesday: [Read 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…]
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 put out a post highlighting the negative divergence in Nifty50 on the daily chart this week.
While short-term investors have something to look into, should long-term investors re-evaluate as well?
Read on to learn more…
Nifty 50 has gone ahead and given us a signal of caution after a relentless rally. While we have seen days of a pause in short-term momentum in the past, this time around there’s a slight difference.
Let’s take a look at the daily chart to see what we’ve got here.
The market has been gaining from strength to strength and if anything, we see greater participation across the globe as this rally matures into what looks like a long-term bull market.
One phrase we hear pretty often during such bull markets is the “Risk-on environment”. So what is a Risk-on environment and what are the indicators that allude to such a set-up?
Let’s take a look at some charts!
