This week we’re looking at a long setup in the IT Sector. IT is trading at all-time highs, and displaying the strength you'd like to see at an index as well as a stock level.

Let's take a look at the trade idea this time around.

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.

The FMCG sector had hit the snooze button and was in a nice slumber until recently. With the index making a new all-time high and stocks moving up above their resistances, this is a good time to take a look at FMCG.

We've been absolutely clear from the beginning that in a messy market environment, one has to be careful with regards to their investments.

What we also know, is that FMCG is a defensive sector and tends to lead the market when the sentiment isn't in the most positive territory.

So let's take a look at the stocks which are making the cut in the current market scenario.

How about being clear about our levels in the sector first?

Here's the sector chart that we're tracking at the moment. On the weekly timeframe, we're observing an overhead target above 39,600. This is the 161.8% Fibonacci extension of the October 2018 highs to December 2020 lows move.

What's left to see is if this trend continues along - above its immediate resistance - with the strong momentum that we're witnessing at present.

Click on the chart to zoom in.

We debuted a new scan recently- The Outperformers.

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.

Commodities are just as messy as any other market at this point, with a lot of constituents now flirting with their overhead resistances.

In such a market scenario, there is one name that's peeping out above its resistance. And that's the name we're going to discuss today.

This week we’re looking for a long setup in the Consumer Goods Sector. FMCG is a defensive sector and tends to outperform the market in a broadly weak environment.

Let's take a look at this name.

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.

This week we're looking at a long idea in the IT space.

Let's take a look at this name.

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.

In this week's Three Charts For The Week Ahead, we discussed the strength in Top 10 largecap stocks and a critical resistance level in the midcap index.

Today we're going to take a look at a long setup in the Chemicals space.

Let's take a look at this name.