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Kush Ghodasara, CMT, CFP

Kush Ghodasara, CMT, CFP
Kush Ghodasara, CMT, CFP is the Proprietor of ‎LuvKush FinServe, a Gujarat Based Financial service house which deals into Research of Equity markets, Research Advisory and Financial Planning consultancy.
 
Kush Ghodasara is registered with SEBI under Research Analyst Regulations Act 2014. LuvKush Finserve was started in 2012 as a research Company and now it’s successfully serving more than 50+ clients under Research Advisory. Company has team of Fundamental Analysts and Technical Analysts to give better insights to Investors and Traders. Company believes in achieving Long term targets rather than speculative targets. LuvKush Finserve aims at build Wealth for their clients over a period of time and manages them efficiently.  Prior to starting LuvKush FinServe, He was with Marwadi Shares & Finance Ltd and Mavji Haribhai Commodities as a Technical Analyst.

After completing his Graduation as a Bachelor of Commerce into Accountancy, he then completed his Post Graduation Diploma in Management in Finance. His interest was in Technical Analysis and he did progress in the same direction. To get himself certified Technical Analyst, he has completed Chartered Market Technician (CMT) from CMT Association. With the growing need of Financial Planning, Kush recently completed Certified Financial Planner (CFP) from FPSB India.

 
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            [post_content] => The only hope from May was that it gives us some direction. Well, we can say this was partially fulfilled!  

When you think about it, the market is quite a dramatic character. It strikes when least expected, it sleeps when most anticipated, and does plain and simple nothing when everything is predicted. True to its dramatic reputation, the market came through with a breakout over the last two days of the month. While we got this confirmation on the domestic front, we’re still looking for some signals on the global front.  

A sideways market can be quite frustrating. It's a difficult environment to trade in and it's easy to throw in the towel. But look a little closer and you’ll realize there are more lessons here than in a secular bull/bear market!  

What have I learned in my time following the market? Among many lessons, here is my favourite:  

Patience is a virtue, but complacence is a vice!   

Take for instance all the risk-on metrics that have been rallying since last year. It was easy because defensive segments like the DXY, Bonds, and Gold just didn’t present an opportunity to load up on them! What did we see over the past two months though? The defensives stopped making lower highs and lower lows. There are now higher lows on some key combinations. What does that tell us? It tells us that there is more to stock picking now than there has been for months now!   

Now is the time when the analysts who truly follow their signals and strategies will get through the storm! Buying Copper and staying put will not help if Gold is outperforming Copper. Buying the Auto sector and relaxing will not yield better results if Energy is outperforming Auto. Not setting risk management levels in tandem with the volatility of cryptocurrencies will most certainly not help your portfolio value. These are trends that will play out as and when a market matures and progresses. And it is more important to be aware of these developments if you’d like to stay ahead of the curve.  

In this month’s issue, we bring to you write-ups on novel methods of Index target calculations, Hurst’s Time cycles, RSI generated long-term buy signals and sector-specific analysis. We also have a special contribution from one of our international members, analyzing Bitcoin.   

So, what should we ask of June, then?   

How about 22 days of trading? Seems quite reasonable, don’t you think?   

Now for some news. This will be final edition of Technical Insights. We’ve had 10 glorious months of technical studies and brilliant insights (it's in the name, I had to do this!). I hope that in some way or the other, we have been able to help you gain a new perspective or understanding of the market. To say that it was an honour being the Editor of this Newsletter is an understatement! I didn’t know what I was getting into, but it was a beautiful journey of finding my voice and my way. I have had the opportunity to interact with the best Technicians and learn from them. I have gained the experience of managing a Monthly Newsletter, a dream I had when I was a media student. There have been several learnings and successes along the way, and it has been possible only because of you, our dear readers! Thank you for your feedback and encouragement, it is what made us pump out content every month!  

Travel hasn’t resumed yet, but our Newsletter can certainly go places. Well, we're going international! Technical Insights will be merged with Technically Speaking to form one global entityWe're working on the transition as you’re reading this. So, in technical terms, we’re consolidating at all-time highs, and the indicators suggest that there’s another breakout coming!  

We will meet again, soon enough. But until then, Think Technical!   

Rashmi Shastry, CMT 

Editor 
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            [post_content] => Welcome readers, to another edition of Technical Insights! 

It’s been a difficult couple of months as we deal with the second wave of a virus that has taken over a better part of our lives for more than a year now. I sincerely hope that you and your families are safe and healthy. 
 

The market too has reflected a similar rollover in sentiment, which naturally continues to play out even now. It’s amazing how the market acts as a living, breathing organism that ebbs and flows with the emotion of its main constituent- the people. 
 

While we continue to observe long-term base breakouts in indices across the globe, we’re also witnessing a slow-down in momentum in a few. But what does that mean for market participants? Well, for starters, one would have to be fastidious in their selection process. To get a slice of this pie, one would have to pay greater attention to detail, focus on sector rotation and plan their portfolios accordingly. We’re not in the 2020 market rally where stock selection was relatively much easier! But then again, as technical analysts I think we’re built to handle such market moves. 
 

But what does it mean to be a technical analyst? This is my take on it. 
 

As a technical analyst, one is expected to observe price data and the trends that have formed in the past, to gauge the possible future outcomes. Does that mean that a particular view is set in stone? Certainly not. Can the analyst be wrong in their analysis? Most definitely. Does that mean one should give up when they’re wrong? Not at all! The beauty of this subject is that you can be on both sides, but you will always be protected by a risk management strategy (that is, if you are vigilant).  

In my opinion technical analysts have what it takes to excel in any market conditions. At the core of this belief is that for every given trade, all the levels are in place. Entry as well as Exit (be that a target or a stop loss).  

 

So, what’s the caveat? Patience. Years of learning and experience lead to sharp analysis and execution. As a field, it demands your complete attention and takes you on a roller coaster ride before you’re ready for the next one!  

 

To all those who are finding their way, give it time and a lot of introspection. Eventually you will reach a point where failed moves won’t deter you and successful moves won’t blur you. That’s the goal!  

Since the market has been messy for the most part, this month we have a write-up each about the outlook in Equities, Gold and INR. In addition to this we have a blog on stock specific pattern identification as well.  

P.S - The Americas Summit 2021 concluded recently and I had the rare honour of appearing as a speaker. It was truly an enriching experience and if you haven’t already, I’d definitely encourage you to check out the videos on the Digital Guide. There’s decades of information in those few hours of content that is certainly worth your time! 
 

Until we meet againThink Technical!  

Rashmi Shastry, CMT

Editor
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            [post_content] => Hello Readers and welcome to a brand-new Issue of Technical Insights in a brand-new year!

 

As 2021 begins, renewed hopes and aspirations engulf the world that slowly moves towards normalcy after it was exposed to the systematic risk of an unprecedented kind. So what is it that is giving people hope?

Is it the phenomenal Bull market rally that has been witnessed? Is it the news of vaccination hitting the shelves? Or is it just the change from '0' to '1' in the digits of the year? Whatever it may be, hope is a powerful catalyst. It compels us to believe and work towards a better tomorrow irrespective of what the present scenario is.

As an analyst, I hope that I never take the market for granted. I hope to remain humble in my approach towards my charts and listen to what they have to say. I hope to understand the emotions that govern the chart and hence the price.

As the market continues its gravity-defying move, varied perspectives and valuable insights have been collated to analyse this meteoric rise. Gautam Shah has highlighted how one could read indicators at current levels and how the approach must be tweaked according to market conditions. Kush Ghodasara has used simple concepts of Technical Analysis to arrive at long-term investment ideas. Wishing you a joyful and profitable New Year.

 

Until next time, think Technical!
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            [post_content] => Hello readers!  

We are now in the 12th and final month of a year that has been a roller coaster ride throughoutGlobal indices are now clocking all-time highs after correcting by almost 50% in the beginning of the year. There were those who made money, those who lost money and those who learnt a lot from the markets this year regardless of the monetary gain/loss. And that needs to be our prime focus. As long as the learning is in place, you’ve gained in this market.  

Everything is Relative Strength is everything 

When I was studying for my CMT Level III exam, I came across this chapter by Julius de Kempenaer. I read the title over and over again. I was amazed by that statement and the validity that it holds universally. What we see, believe and feel is all relative. For the most part, we don’t deal with absolute perceptions or ideas. Everything is in relative terms based on the variables we’ve been exposed to in the past. Just as we choose a particular asset class based on its relative strength among other asset classes, we make choices in life based on the relative strength of those decisions over others. Similarly, there are numerous concepts that could be picked up from the market and incorporated in our lives because at the core of these concepts are basic human emotions and reactions.  

Market participants (like myself) who witnessed extreme moves in global indices across the globe this year for the first time, have been exposed to important lessons early in their career. While this year has been difficult for many reasons, it has taught us innumerable lessons in a short span of time. For me, this year has reiterated the importance of basic concepts and understanding which often get clouded by over analysis and over thinking. As an analyst sometimes one’s judgement gets clouded by expectation rather than by reaction. We are not here to dictate or predict patterns and scenarios. We are here to react to the price to the best of our risk management abilities and move with the trend.  

To all the aspirants appearing for their exams this December, make sure your basic foundations are strong, because in turbulent times like the March 2020 crash, the very same basics can bail you out.   

Until next time, Think Technical!  

Rashmi Shastry, CMT
Editor, Technical Insights
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