Metals have been gaining more strength with every passing day and have certainly been outperforming the market at present. We have a long setup from the Metals sector this time around as well.
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.
At the end of every month, we rejoice. Regardless of the market sentiment, we rejoice. When the market closes, we rejoice.
That's a lot of joy one would say. But here we hold monthly charts in high regard. The exercise of going through monthly charts is therapeutic in a way that it helps you zoom out and get out of short-term messes. This is that time of the month when trends become clear.
As the month of March begins, we're here to perform the same exercise.
Read on to know what the market is saying.
We are in a market environment that is drastically different from what we saw in 2020. Human tendency is to recall the most recent event and give progressively less value to the events prior to that. Similarly, the 2020 market recovery is viewed as the best time and 2021 became a 'difficult year' for market participants. But just as we do in our analysis, everything is relative. 2021 was only relatively bad. If you pick up stocks that performed well, your portfolio would've performed well in 2021 as well.
Over the last few weeks and months, the market has been messier than before. With so much going around, the most valuable thing we like to do is follow the price action.
The beginning of this week started with great strength coming through from the Metal stocks and we're here to highlight just that today.
Read on to know if your favourite stock made it to the list!
Metals, and here I mean base metals, have been doing the bulk of the lifting with Equity and Currencies moving sideways. Commodities have been showing a clear path of trend and have been the more profitable area to be invested in.
Take a look at our custom Equally weighted base metals chart below. Bottom left to top right. That's the signature of any good trend in a market. And this chart is doing just that.
The market has been a mess and off late the geopolitical turmoil has been playing havoc as well. Metals have shown strength over the past week and that has been our area of focus. This week's long trade comes from the Metals segment.
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.
The market hasn't been easy off late and a sideways move means that market participants get trapped more often than not. Today we have a trade setup from the Chemicals that has some eyeballs on it. We thought this might be a good time to check it out.
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 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.