iCharts Discussions

SwingTrader · Posted: Mon Jul 16, 2018 12:57 pm Post subject:

Current status of drawdowns in stocks:

Here is the current status of unique stocks from NIFTY500 + Midcap + Smallcap indexes (Market cap 300 cr and higher). Market has been in a solid decline. This is not visible in Nifty50 index as only a handful of stocks are keeping it up.

apka · Black Belt Joined: 13 Dec 2011 Posts: 6137

Correct.. major distribution going on... Lot of small and midcap stocks are near or below 2008-2009 lows.

SwingTrader · Posted: Fri Jul 20, 2018 8:27 pm Post subject:

NSE Market Breadth Oscillator as on 20th July 2018

Don't know what to say about the situation, it just continues as it has been for quite a while now.

On a side note, my colleague has been going through the breadth oscillator charts in detail from 2011 to now and he is of the opinion that those who do SIPs in mutual funds or add regularly to index ETFs like NIFTYBEES / JUNIORBEES, good time to add is when the short-term (red line) and medium-term (blue line) are near bottom (around 80-90%). At the moment both are near the bottom so it could be a good time to add to mutual funds or index ETFs. In any case, continuing SIPs during such times is very important to lower average cost of mutual funds.

*** Of course, the above is valid only if one is investing in mutual funds or index ETFs for the long term (4-5 yrs minimum).

We have not yet build data before 2011, it is a bit cumbersome but we will do it at some point. I am very interested to see how the oscillator had behaved during 2008 crash and subsequent recovery.

apka · Black Belt Joined: 13 Dec 2011 Posts: 6137

How long does the range bound or sideways movement have to remain for us to call it consolidation?

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

srikanth,

please post the current chart with all recent oscillator in longer time frame(from 2011).

SwingTrader · Posted: Sat Jul 21, 2018 10:27 am Post subject:

SwingTrader · Posted: Sat Jul 21, 2018 10:35 am Post subject:

apka · Black Belt Joined: 13 Dec 2011 Posts: 6137

SwingTrader · Posted: Sat Jul 21, 2018 11:55 am Post subject:

apka · Black Belt Joined: 13 Dec 2011 Posts: 6137

Hmm yeh, thays what im thinking ... Ppl thinking market will fall high pe etc.. it can remain range bound or just move slowly and by the time pe may reduce rhings may improve while ppl anticipate drastic fall.

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

yeah, separate yearly chart would be fine with all current indicators (short, medium, long term and nifty 500).

SwingTrader · Posted: Mon Jul 23, 2018 10:01 am Post subject:

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

thanks

SwingTrader · Posted: Tue Jul 24, 2018 9:36 pm Post subject:

NSE Breadth Oscillator as on 24th Jul 2018

Today short-term breadth shot up but the important thing is medium-term breadth too seems to be following it up. This is being seen after quite a while as usually medium-term lags the short-term significantly. This pattern means medium term breadth had been improving in the previous couple of weeks. This is a positive sign.

Sun08 · White Belt Joined: 21 Aug 2017 Posts: 478

difficult to compare yearwise charts. would love to see one for 2007-2017