“ChartTalk” – Technical Newsletter
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...
Is This A Good Time To Enter This Defence Engineering Stock?
The defence equipments and engineering sector has been quite vibrant over the past couple of weeks and it is seen relatively outperforming the broader markets. This year it has already given a return of nearly 50% on average, while still leaving some more potential...
ChartTalk: Confirmation Of A Reversal Of Trend On Cards For This Stock
The journey of this stock has been amazing; from the low point of 19 formed in March 2020 when the markets overall made their low point following the onset of the pandemic, the following months saw this stock posting fantastic returns over the coming months. From the...
ChartTalk: Price Move In This Media Stock Might Make News… Here Is Why!
Over the past couple of months, the Media stocks are showing some improvement in their relative performance against the broader markets. They had grossly underperformed in the past the most recent weeks have shown them trying to make a comeback. The Media stocks might...
ChartTalk: Is There A Potential Breakout In The Offing?
This telecom stock has seen some classical technical patterns playing out very well on the charts. BHARTIARTL marked a classical double top resistance near 780 levels between November 2021 and April 2022 that spanned over five months. The most recent price action...