The stock we’re looking at this week is part of the Defence Industry Group. The focus is on sectors with clear direction.
This is the recording from the live September 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:
The stock we’re looking at this week is part of the Automobile sector.
We debuted a new scan recently which goes by the name- All Star Momentum.
PSU Banks are generally slow to catch up on a bullish trend. But speed is not what we’re after. We’re trying to lock into accuracy. So we wait patiently until the alarm bells go off and then we look into PSUs.
Well, its that time again! We have some stocks here that are displaying strength and some that are just breaking out. Let’s take a look at this list, shall we?