Expert technical analysis of financial markets by JC Parets
We’ve spoken about how Chemicals have been performing well for over two weeks. In a post we published in March-end, we highlighted some actionable ideas that were looking good from a risk-reward perspective.
Turns out, this segment has been continuing to display strength and we’re seeing some more stocks joining the bullish reaction in this space.
This week we’re looking at a long setup in the Consumer Goods sector. We covered this specific trade idea in January and post the achievement of the target, it seems like a good time to update the levels.
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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.
These are the registration details for our live monthly conference call for Premium Members of All Star Charts India.
This month’s Conference Call will be held on Wednesday, April 21st 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 every other live call since our launch.
Here are the details for Tuesday: [Read more…]
We debuted a new scan recently- 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.
Over the past couple of weeks, we’ve noticed strength building in the Pharmaceuticals sector. The index has bounced off its support and is now attempting to resume its prior positive trend.
This resumption has come after a substantial pause and hence we thought we’d do a quick round-up of the stocks that are looking good at the moment.
We have been discussing how the market has been moving in a sideways range for almost two months now. With a trading range comes a lot of confusion. The sharp decline in the market today took the index towards the lower end of its trading range.
Should we be worried about the ensuing move? Let’s find out.
This week we’re looking at a long setup in the Chemicals sector. When more analysis processes point in the same direction, that direction becomes hard to ignore.
We have one such stock for this week’s actionable idea.
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