Worked on a new big picture indicator, the Caps NH-NL. It was Dr. Alex Elder’s new development on the existing NH-NL index. The idea behind this concept was that, when new high’s or lows come in the market, are they coming from big stocks? If they are, then the...
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With the run up in price of Reliance stock, which nearly doubled in three months, post the pandemic lockdowns. Reliance has become the costliest Oil company on the planet. Market cap of Reliance has moved past 12 lakh crores, where the stock PE is at 40. On the business...
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