Market has been grinding sideways for more than two months and frustrating everyone. Let's see if charts are providing any clues regarding future probable direction.
Market is going sideways and has become choppy, currently holding above 50day MA. But will it hold above 50day MA? or Is there further downside!!! Can we find any clues?
Market topped on Feb 15th and has been going sideways for more than a month. However, there are plenty of signs suggesting what we shall expect in next few weeks if you know where to look at! So do you know what to check?
Were you anticipating this market bounce? Were you able to identify the warning signs before the swift market drop to MA(50)? Read our previous blog post and understand how we identified the warning signs. It appears like the market rally is resuming but is it for real? Lets check out what charts are telling us.
Before reading rest of today's blog post, honestly answer below questions:
Wish you all a very happy, prosperous & gratifying New Year ahead.
Lets do a quick market analysis...
We always read such articles about TOP Gainers of this year or Best Performers of the year, etc. But did you ever wonder, how to find these stocks before they become TOP Gainers of the year or Best Performers of the year?
So what are we waiting for? Head to the new section:
Advanced Strategies => Stocks - Simple Approach => Find TOP Gainers
Did you check out the new section under Reading Sensex => Sensex Analysis => market analysis using breadth indicator - Advance Decline Indicator. This will be another way to analyze market and get better understanding of market direction.
In recent times, new free resources and tools are being made available to perform:
Take a look at new section: Trade IPOs
Just like all of you, hard working and trying to make a better living.