STATE OF THE MARKET

Reading Global Trends through Charts

Archives for July 2021

Why following prices matter when fundamental triggers are in place

July 18, 2021 by Deepak Singh

Most of the stocks need a fundamental trigger to kickstart a motion, but once the motion is in play, then the stock offers multiple opportunities on the way up. All you have to do is keep looking and you can do that only by following prices. Let us try to understand this phenomenon with one […]

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How Wipro rallied from Rs. 200 to Rs. 577 within a year?

July 17, 2021 by Deepak Singh

Every trade teaches us an important lesson. Wipro is up +160% since June 2020. Here’s how Wipro transformed from an underperforming stock to a now leadership state. This case study is another example of why following price action matters to catch the inflection point.

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Here’s what has happened to Nifty this year

July 17, 2021 by Deepak Singh

Nifty Year to Date is up 13.89%. I know it does not sound like a lot but the bullish structure has enabled lots of stocks to outperform by a wide margin. Let us break down how the Nifty has navigated 2021 so far.

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Trends do take time to develop

July 15, 2021 by Deepak Singh

Nothing happens overnight. Trends take their own sweet time to develop and as they develop, they offer multiple opportunities along the way to participate in the market.

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