“ChartTalk” – Technical Newsletter
ChartTalk: Crude Oil at Critical Support Levels: Future Trend Hinges on These Levels
WTI US Oil has entered a period of consolidation, influenced by various factors including supply-demand dynamics, and market sentiments among others. This technical note aims to examine the current price movements of Crude Oil and analyze the crucial support and...
ChartTalk: Analyzing the Dollar Index: Technical Setup and Contributing Factors
The US Dollar Index (DXY) is a powerful tool for traders and investors alike, providing a snapshot of the value of the US dollar against a basket of major currencies. But understanding the factors that drive the index can be a complex and challenging task. From...
ChartTalk: Let Us Learn As We Earn; Understanding Inverse H&S Pattern And Applying It To This Chemical Stock
The head and shoulders pattern is considered one of the most reliable indicators of a trend reversal, as it reflects a shift in market sentiment. A head and shoulders pattern is a common chart formation that indicates a reversal of a bullish trend to a bearish trend...
ChartTalk: Is Gold Ready to Break Out? This Level Holds the Key!
Investment demand for gold surged in 2020 due to the COVID-19 pandemic, which triggered a global recession, unprecedented monetary and fiscal stimulus measures, and heightened market volatility. According to the World Gold Council (WGC), global gold-backed...
ChartTalk: Surge in US Dollar Index: Where is the USD/INR Going?
On February 24th, 2023, the U.S. Dollar Index (DXY) experienced a surge, rising from a low of 104.42 to a high of 105.32. This surge was largely due to the release of the Core Personal Consumption Expenditure (PCE) Price Index data from the US, which showed that...
Chart Talk: This Small-Cap Stock Can Be Added To Your Portfolio
It certainly pays to keep things simple. While technically analyzing a stock, you don’t always need to have your chart look like a rainbow, comprising multiple colors, and with a plethora of indicators and oscillators plotted on it. Most of the time, a simple chart...
ChartTalk: Expect A Major Trend Reversal In This Stock
The equity markets have been jittery over the past few weeks; the front-line Index NIFTY50 failed to sustain a breakout after moving past the previous lifetime high. After marking an incremental high, the index slipped below the breakout point. However, the broader...
ChartTalk: Expect Leadership From This Sector As It May Confirm A Reversal
Despite the ever-depreciating Rupee, this sector has been showing gross relative underperformance against the broader markets for many months. In fact, globally as well, the technology sector has taken a severe beating in this calendar year; this was evident in the...
ChartTalk: This Sector Is Poised At A Crucial Juncture
After showing a great outperformance until the middle of 2022, this key sector index of the Indian markets is showing signs of slowing down. The technical structure of charts shows that until a particular level is taken out, a potential top may be in place for this...
ChartTalk: Looking For A Medium Term Buy For Your Portfolio? Check Out This Stock
The Indian equity markets have stayed highly volatile throughout this calendar year; the calm was disrupted when geopolitical tensions broke out between Russia and Ukraine in February. After that, the equities across the world stayed highly volatile and under pressure...