RS Performance Matrix
by PRASHANT SHAH -
Point and Figure charting has a few unique features which lends itself to various types of analysis including the performance matrix. Before delving into the Matrix concept, let’s discuss about the unique features that I alluded to. In a point & figure chart, the price has to be either be in a column of X ... Read more
Breadth, RS & Seasonality
by PRASHANT SHAH -
Advance-decline ratio is a popular breadth indicator. The chart below captures the percentage of Nifty 50 stocks that registered an advance in the monthly time frame. For the month of July 2019, the advance ratio was less than 15%. In other words, almost 85% stocks have declined in July 2019. Below is a chart showing ... Read more
Identifying candidates using RS report
by PRASHANT SHAH -
How one can shortlist sectors and stocks that are outperforming or underperforming in a simple manner by using scanners in TradePoint.In TradePoint there is a feature under Table –> Relative Strength report. This table captures sectors that are outperforming or underperforming against Nifty 50 in the Daily time frame. So, I have selected NSE All sectors as ... Read more
D Sectors
by PRASHANT SHAH -
We have recently created a tool called D-Sectors for analysing the performance of sectors. It is a very useful tool and presents all relevant information in a very simple manner. There are four important parts to perform sector analysis. D-Sectors considers all above points and score the sector. Score moves between 0 – 60.Score above 50 ... Read more
Hum Saath Saath Hain!
by PRASHANT SHAH -
Hum Saath Saath Hain!When we divide a price of one instrument with another we get a ratio of two instruments. When this ratio is plotted on a daily basis we get a ratio chart. Below is a Ratio chart of Bank Nifty v/s Nifty. Numerator is Bank Nifty and denominator is Nifty in below chart.When ... Read more
