This week we're looking at a long setup in the FMCG sector that is witnessing a good move. 

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.

The end of a month is more like a celebration at ASC. We sit back, relax, and go through Monthly charts and look out for interesting trends developing across the globe. In our Top-Down Analysis approach, we go through thousands of charts to arrive at a wholesome view of the market.

There were five charts that popped out in particular. We thought of giving you a preview of our Monthly Charts Strategy Session which is scheduled for Tuesday, January 5th at 7PM IST. 

Let's take a look at these charts!

What do you do when an index has clocked a 30 year high? You track it's every move and watch history as it unfolds in front of your eyes. Nikkei 225, which was on our watchlist, has finally moved above 26,900. A strong move would propel the price higher towards its next target of 32,850. This would in-turn have an impact on Japan's Asian peers. For now, let's wait and watch.

Click on chart to enlarge view.

Nifty Infra is pushing up against its long-term resistance. While the index has halted at these levels before, current market rally may lead to a breakout soon, going by the bullish momentum we're seeing in the index.

We've been tracking the cement space, and while earlier there were limited actionable trades, recent buying interest grabbed our attention again. We decided to dig a little deeper and found some actionable ideas.

Let’s take a look at this space and see what the charts have to say.

Nifty Infrastructure is taking another shot at its long-term resistance. With RSI alluding to bullish momentum and price moving higher, we could witness a good move in this sector going forward.

Click on chart to enlarge view.

This week we're looking at a long setup in the IT sector that is witnessing a good move. 

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.

We held our December Monthly Conference Call on 22nd which our Premium Members can access and rewatch here.

In this post, we'll share five of the most important charts along with JC's commentary of them and a brief explanation for each.

After drastic underperformance since March, one chart suggests that Gold could be setting up to outperform large-cap Indian stocks in the coming weeks and months.

This week we're looking at a long setup in the Chemical sector that is witnessing a good move. 

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.

Nifty FMCG broke above its long-term resistance last week, moving out of a more than two-year consolidation. While the selected-few large caps from the sector have performed well with the rest of the market in the run up so far, we believe that the rest of the sector is on its way to play catch up.

Let’s take a look at the sector and see what the charts have to say.

Nifty FMCG has broken above its resistance and seems poised to perform well going forward. With the 200-DMA sloping upwards and the RSI in the overbought territory, bullish momentum can be seen in this sector.