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.
We retired our "Five Bull Market Barometers" in mid-July 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.
Over the past few days as the market continued to churn sideways, we witnessed a set of stocks doing well as a group. As sector rotation continues to play out, we see different groups play the game of musical chairs as they move in and out of strong and weak zones.
Fertilizer stocks seemed to have gotten activated recently and there a few names here that we've been tracking for some time.
Let's take a look at the individual names:
The first one here is GSFC. Gujarat State Fertilizers & Chemicals. What we see here is a three-year base breakout with the price moving past its long-term resistance of 114. As the overhead supply has been absorbed at these levels, the price is now ready to move higher in the next leg of the rally.
The indicator has been in the bullish momentum territory, staying rather close to this zone during interim corrections as well.
We are bullish above the level of 114 with a target near 167.
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.
Well, Nifty 50 is really not interested in that statement because it continues to remain messy. But in this messy move, we've seen certain sectors outperform the others. One among the outperformers is the Pharmaceutical sector.
Are there any new breakouts in the sector constituents? A few, yes.
Let's do a deep dive in this sector and see what comes up.
So commodities seem like they're in the mood to rally! We've seen Base Metals have their fair share of moments in the spotlight, but what about the truly shiny commodities? Where are Gold and Silver off to, next? Or are they consolidating and quietly hatching a plan to break out soon?
Here's an update on what the (presently) less popular metals are doing.
This week we're looking at two long setups in the Pharma sector. With Nifty Pharma breaking out above its resistance of 13,500, a couple of stocks that we've been tracking for quite some time now have also followed through with a breakout.
Let's take a look at these names and track their levels going forward.
We retired our "Five Bull Market Barometers" in mid-July 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.
Anybody who has been tracking the market closely has noticed that the one sector which has been displaying the most strength off late is Metals. The sector-specific stocks have generated handsome returns in a short span of time and don't seem to be slowing down as well.
So for those who missed this rally, or those who are already invested, what are the levels to track going forward? We've got you covered.
Here is a comprehensive list of the best stocks from the sector. Some of these are actionable and some are price targets to track.
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.