For a while now PSU Banks have been performing better than their counterparts-Private Banks. We have another name popping up from this sector.
Let’s take a look at the trade for this week!
Expert technical analysis of financial markets by JC Parets
For a while now PSU Banks have been performing better than their counterparts-Private Banks. We have another name popping up from this sector.
Let’s take a look at the trade for this week!
We retired our “Five Bull Market Barometers” in 2020 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 have observed significant drawdowns across the market in the last two weeks.
Nifty 50 faced resistance at its October 2021 high which coincides with a critical Fibonacci extension. This time the index marked a lower high.
According to Dow Theory, the Primary trend is intact. Why is that? Because a lower highs and lower low would mark a negative trend. As long as Nifty50 sustains above 16,500, we could just as well see a market that consolidates.
[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.
As we progress into Q4 of Fiscal Year 2021-2022, this playbook outlines our thoughts on every asset class and our plan to profit.
This playbook will cover our macro view, touching on Equities, Commodities, Currencies, and Rates, as well as outline our views on the major nifty indices and the sector/thematic indices.
We also cover individual stocks we want to be buying to take advantage of the themes discussed in the playbook.
This week we’re looking at a long setup in the sugar stock, which remained resilient in market drawdown.
Let’s take a look at the trade for this week!
[Read more…]We retired our “Five Bull Market Barometers” in 2020 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.
[Read more…]This is the recording from the live January 2022 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 timeframes. 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: