When we talk about Equities, we need to think about them holistically as an asset class as opposed to simply focusing on the individual stock or sector or index we’re looking at. [Read more…]
[Chart of The Week] Stocks With Gas Left In The Tank
Over the last few weeks, Equities in India have been dealing with a near-term “oops” that led to the corrective period prices are currently in.
With that in mind, there are stocks that have handled this correction with ease and look ready to head higher.
[Premium India] Monthly Conference Call Video Recording December 2019
This is the recording from the live December 2019 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:
[Chart of The Week] Base Metals Remain A Mess
Commodities have been a “hot mess” as a group with the exception of a few trends that we’ve been taking advantage of.
The last time we talked about Base Metals were in July, when we were looking for a bounce in Zinc.
Today, let’s take a look and see if anything in the space has changed.
Vedanta Signaling Nifty Metal Index Weakness Ahead?
Last week we discussed the potential near-term “oops” in India’s major indices and those conditions remain very much intact.
With that being said, today’s focus is on one sector and its largest component, both of which look vulnerable to further downside.
Let’s take a look.
Technology Weighs On Broader Market
In May we wrote a post for premium members titled “Technology Issues Continue”, speaking about a failed breakout and general lack of trend in Indian Technology stocks.
Our conclusion then was to be avoiding the sector on the long side and that its weakness was a drag on the broader market given its 10% weighting in the Nifty 500.
Today, not much has changed, in fact, it’s arguably getting worse.
Let’s take a look.
[Chart(s) of The Week] A Potential Near-Term “Oops”
The Nifty 50 and Nifty 500 are back at the top of their multi-year range right as we’re starting to see signs of exhaustion in various global markets.
Failed breakouts and bearish momentum divergences help us to identify potential reversals in the market and we’re seeing a few of them occur in India and elsewhere.
The Two Monthly Charts That Matter
With a new month come fresh monthly candles.
While we were going to write a comprehensive post on the most important monthly charts from November, we realized there are only two that matter to India’s stock market right now.
Let’s take a look. [Read more…]
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