Energy is dominating the market sector conversation these days. And well, you can see a reflection of that in the stocks and the strength coming through.
Today we're here to discuss a long setup in the Energy space.
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're back with another commodity post in the Commodity Check series. Today we're highlighting a commodity that had quite a meteoric rise since November 2021. In February this year, we saw the price consolidate sideways. But guess what? We have a breakout!
Let me give you another hint. It's another Agri commodity.
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.
The goal is that as the market rally progresses, the sector rotation within the market will reflect in this scan. So while our Top/Down Analysis helps us with the broader view of the market, this Bottom/Up scan makes sure that we catch the slightest change in sentiment.
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're at a point where the Adani Solar System constituents get another upgrade (well, wherever applicable).
Are you invested in the Adani group stocks? Then this would be a good post for you.
The Adani Group Solar System has been one of the most talked-about posts here at ASC and one can see why! For the most part, we keep upgrading the targets unless the trend suggests otherwise. It's true that not all stocks are outperformers, but the ones that are, are doing pretty great.
So let's take a look at where these stocks stand today.
First up, we have the ASC Adani Group Index. A quick peek at this and you see a resistance around the corner. So the move that we're witnessing now could take a break. This is an absolutely logical place for that to happen.
Commodities and rates are at the center of everything right now. And why wouldn't they be? That's where the trend is clear. That's where the momentum is! Keeping this trend in mind, one specific commodity will be highlighted in this post.
This is a commodity that has made it to our trade ideas several times in the recent past. After a minor consolidation, the price seems ready for the next move. What are we talking about?
We debuted a new scan recently which goes by the name- All Star Momentum.
All Star Momentum is a brand new scan that guides us towards 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 outperform the market.
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.