“ChartTalk” – Technical Newsletter
ChartTalk: Spotting Opportunities in This Sector as Relative Strength Improves
Relative Strength (RS) is one of the core indicators in the technical analyst’s toolbox, widely used to evaluate the performance of a stock or Index relative to a benchmark, such as a broader market index. Constructed as the ratio of the stock’s price to the...
ChartTalk: Spotting Potential Reversals Through RSI Divergence
The Relative Strength Index (RSI), developed by J. Welles Wilder, is a cornerstone of technical analysis and one of the most widely used tools in a technician’s toolbox. This momentum oscillator measures the speed and change of price movements, oscillating between 0...
ChartTalk: Adding This Stock In The Portfolio For A Long Term Alpha Generation
Over the past weeks, the equity markets have been under turmoil. During the whole of November, we have seen unabated FII selling. Except for two days this month, the FIIs have been net sellers in the Indian market. As of now, November has seen net FII selling to the...
ChartTalk: Strategic Stock Selections for Diwali Mahurat 2024
In this month’s edition of ChartTalk, we delve into three high-potential stocks representing key sectors within the Indian market—NBFC, IT, and Financial Services—that are poised to deliver robust returns over the next year. Each selection is the result of thorough...
ChartTalk: A Bullish Divergence Hints At A Potential Breakout In This IT Heavyweight
On-balance volume (OBV) is a powerful technical indicator that measures buying and selling pressure by tracking volume flow in relation to price movement. OBV aims to project a security’s price movement based on volume trends. The premise behind OBV is that volume...
ChartTalk: Mid-Cap Stock Surges: A Potential Buy on Trend Reversal
The current year has been remarkably favorable for domestic markets, with major indices reaching record highs. This strong performance highlights the underlying strength of the equity market, as evidenced by an lifetime high closing of the benchmark index Nifty 50 ...
ChartTalk: This Engineering Conglomerate Shows Promising Technical Setup
This year has been a very trending one for the equities. Global equity indices have been trending higher and India is no exception. In fact, the Indian equities have performed in line with the US Equities. While the S&P500 Index has gained 15.20% on a YTD basis,...
ChartTalk: Potential for a Strong Uptrend Despite Recent Underperformance
The Indian markets have witnessed a robust week, with the Nifty surpassing the significant 24,000 mark and the Nifty Bank index hitting fresh all-time highs. Amidst this positive momentum, this private-banking major, a heavyweight in both indices with weightages of...
ChartTalk: Sector Poised for Gains | Stocks to Monitor Closely
The Oil and Gas space has remained particularly strong not only over the past twelve months but also on a YTD basis. This group, represented by the Nifty Oil and Gas Index, has surged 58.98% over the past one year. The broad market index Nifty 500, during the same...
OptionsTalk: Understanding Call Spreads
In the volatile realm of the stock market, where trends can swiftly change course, employing the right options strategy is paramount to capitalize on upward movements effectively. While some strategies like strangles may have their merits in certain market conditions,...