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FMCG Sector On The Move

December 16, 2020

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.

Currencies at Crucial Resistances

December 15, 2020

Assets around the globe have been on the move since March, but the Rupee has remained steady.

Today let's take a look at the currency pairs we track and see if those charts suggest they'll be an actionable setup anytime soon.

[Premium] Pharma Continues to Shine

December 13, 2020

This year has been fantastic for one sector in particular, and that is the Pharma sector. Stocks that had been in a secular bear move, reversed their trend late last year and have been trading higher since.

Let’s see if there are any opportunities in the current set-up as the sector prepares for its next leg higher (along with IT).

Covid Stocks Bounce Back

December 9, 2020

Markets have been rallying across the globe since April 2020, except for stocks that belong to the category of discretionary spending. With the pick up in travel activity breathing life into the entertainment space, there are certain ideas that pop from current setups.

Top/Down Take: IndusInd Bank (INDUSINDBK)

December 6, 2020

All Star Charts is known for its Top-Down analysis. In this process, we begin at the asset-class level to ascertain the best category of investment that matches our reward/risk ratio. This then trickles down to specific instruments of investment on the basis of relative strength and momentum.

Let’s take a look at this procedure in our weekly column, The Top/Down Take, and help you understand our analysis better.

Last time it was Tata Consultancy Services (TCS), but today the stock we're looking at is IndusInd Bank (INDUSINDBK) which has been tearing through the roof since November.