The pair performance cycle between Grasim vs. L&T has reached a low and suggests a turn around. This means Grasim should outperform L&T now. Performance pair cycles isolates extreme divergences between highly correlated and similar sector peers too. We have illustrated the backtested results of the pair. The tendency has changed in favor of Grasim […]
SUMMARY: DLF DAILY (DLF) ANTICIPATED AND HAPPENED As anticipated, prices continued to push lower till key levels at 330. Sub respective levels we should get more negative confirmation. ICICI BANK WEEKLY (ICBK) ANTICIPATED AND HAPPENED Prices continued to push lower till near psychological 800 levels as anticipated. Minor trend remains negative. STATE BANK OF INDIA […]
What does it mean if a stock nears top ranking among its peers, like Chevron is doing now among the top 11 energy and utility assets in the world? (The stock moved up a place higher from last week and is at the second spot now). It means that Chevron’s best performance is behind and […]
Performance cycles indicate that Hedging could be an opportunity and not just an imperfect risk management technique. The history and the idea Hedging is one of the first ideas modern finance taught us. Hedging as an exercise was started for a farmer, who wanted to insulate himself from movements in agricultural commodity price. The commodity […]
SUMMARY: TRANSELECTRICA DAILY (TEL) Daily moving average crossover is positive with prices above it. A breach at key level 0.618 FIB at 13.47 would take prices higher. TRANSGAZ DAILY (TGN) Prices continue the rise in the multi week up trended channel. Minor trend is positive and the next key level is at 165. ALRO WEEKLY […]
Viziteaza Econohistory
SUMMARY: RELIANCE DAILY The corrective structure up seems complete. Prices make an ENGULFING BEARISH candle formation. Immediate targets lie at 1,040. ONGC DAILY The B/2 wave up seems complete. Sub key levels at 1,170 we should get more negative confirmation. TISCO DAILY Prices make a KEY REVERSAL bar near previous high levels. A clear break […]
We carried the Long India – Short China strategy on 21 Feb. If this was not enough, we surprised by publishing an academic paper (Kyoto University Journal) on performance cycles suggesting Nikkei outperformance against Brazil and China and Nikkei underperformance against India and Russia. Guess what, the pairs delivered. Now we created ALPHA (profiled below). […]
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