We retired our “Five Bull Market Barometers” in mid-July last year 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 last year 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.
What’s the one thing that’s on everyone’s mind today? What has caught your attention today? Or rather, what has demanded your attention today?
The Tata Group of course! Such a move hasn’t come along in this group in the longest time. A post dedicated to this group is definitely the need of the hour.
The Tata Group is synonymous with Trust, Integrity, and Loyalty. There is a certain feel-good factor added to the group based on the people at the helm and their activities. While there is a place for everything, once you look at price action, nothing else matters.
That’s the beauty of Technical Analysis I guess. It encompasses all possible pieces of information and presents to you a price level that reflects everything. Quite powerful, when you really think about it.
So here we are today, taking a look at a reputable conglomerate that has been making money for investors for years together!
Since there are so many constituents in this group, I don’t think it qualifies to be a Solar System. I feel it’s a whole Universe by itself.
So what do we like in this universe at the moment?
Let’s take a look, shall we? [Read more…]
We debuted a new scan recently which goes by the name- All Star Momentum.
All Star Momentum is a brand new scan that pinpoints the very best stocks in the market. This time around, we have incorporated our stock universe of Nifty 500 as the base. Among the 500 stocks that we follow, this scan will pump out names that are most likely to generate great returns.
Commodities have been a part of the discussion off late. While Base Metals get their fair share of the spotlight, Cotton is not far behind!
We’ve seen a nice break-out come through in Cotton. Again. So let’s take a look at what the trade looks like! [Read more…]
This week we’re looking at a long setup in the Auto sector. We’re seeing strength come through in the Auto segment and thought of taking a look at a stock that’s ripe for a bullish move.
Let’s take a look at this stock.
We retired our “Five Bull Market Barometers” in mid-July last year 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’ve been discussing Covid for so long now, that it feels as though it’s been going on forever. It carried out massive damage across different segments. But we are now seeing a resumption in trends that have been in place long enough to call them trends.
As we know, travel had been largely affected by the pandemic. Getting out of the house to buy groceries became the new travel plan! But not anymore!
We’re now witnessing a strong and consistent pick-up in flight and hotel bookings which means that we can start taking a look at the shares that belong to these categories as well!
So let’s do just that. [Read more…]
Presenting to you, dear readers, the Never Say Never series. Here we will discuss all those topics that a typical market participant thinks could never happen. I am a strong believer in faith and everything but I also know to never challenge the universe – in our case: the market.
I learned early on, that biases are a natural by-product of the human mind. Everyone has them, in some form or the other. But one ought to leave these biases right outside the door before entering the market. Because as soon as you believe that something could never happen, most often it does.
I had a client ask me incessantly what the next major support of a particular stock was, and after ten revisions, I said 0. “Your maximum risk is if the stock goes to 0”. He stared at me, his mouth agape with incredulity.
Cut to today, where I cannot make that statement again. You see, Crude Oil traded below 0. And that changed the very idea most people believed in, me included.
So here we are today to discuss with you things in the market that may leave you astounded.