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.
If you've invested in this stock, then you know that such a move in ITC is not that common. And more often than not, the follow-through move is generally absent.
This week we’re looking at a long setup in the Energy sector. Nifty Energy broke out above its overhead resistance. While this stock has been an absolute outperformer, the sector-specific breakout can only add more strength to the existing move.
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.
Nifty 50 has been making new highs, moving past the early 2021 high in May and continuing to rise further. That's well and good. But if these new highs aren't coming through in Banks and Financials, then that's an issue.
Financial stocks make up 37.58% of Nifty 50. So it's safe to say that Nifty50 can't get very far for too long without the cooperation of Bank Nifty and Financial Services.
We live in a world where everything is connected. We have access to the globe as a whole, be that for information, goods, or services.
This is the theme we want to touch upon today. In the post-pandemic era, our definitions of normal have changed several times. Consumer patterns have changed drastically with every version of normal. So why is it that we're discussing this today?
The cost of transportation of goods has skyrocketed, thanks to a variety of reasons. A direct impact of this, of course, would be on the constituents of this unique group.
So we thought this would be a good time to analyse this space and see if there's anything worth looking into here.
At All Star Charts, we enjoy making custom indices and looking out for developing patterns in all the sectors (grouped or ungrouped). We're happy to put together a family of stocks that belong to the same category and study the impact or trend of that particular index. We're doing just that!
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.
While we go through our lists of sectors and stocks on a weekly basis, we thought of launching a product that would highlight the names that are the strongest performers in our universe and those that are primed for an explosive move.
Just like The Outperformers scan, this is a list of stocks belonging to the sectors that display relative strength in the market at any given point in time. Since sector rotation is the lifeblood of a bull market, we will be ahead of the curve before the gears keep shifting.
Base Metals have long been a part of our conversation here. Specifically, the Commodity supercycle has been one narration that you've been reading here since the end of last year. Of course, the trend hasn't been a simple upward motion. It's been anything but that, to be honest!
But time and again, we get some signals that reach out to us and say, 'we are alive'. It's like waiting for your spacecraft to send you a signal saying it's A-ok. The past week was just that in terms of the base metals move that we saw. Did you see it too?
Earlier this week we shared the metals index making new highs and displaying the strength that we're seeing in this segment. Here is our very own custom index that's basically doing the same thing. You can see how strong the trend has been in the base metals space whereby we witness minor pauses in trend, followed by resumption.
This week we’re looking at a long set up in the Industrial Manufacturing sector. We're seeing a good move here as more stocks break out from their overhead supply zones.
Here's another one that has grabbed our attention.
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.
Our live Monthly Strategy Session concluded last night. For all the premium subscribers, this is where you can access/rewatch the video.
This post is an exercise we do for the non-members to give them an idea of the research we carry out at All Star Charts.
The Monthly Strategy Calls started out as a selfish endeavour whereby we wanted to stay in the loop and follow the big-picture trends. It's like recentering your navigation system to avoid taking the wrong turn. Then we realised this could be helpful to you guys as well! Just to step back and identify the larger trend.