As expected, market continues to climb steadily and those who did not get on the BULL train were simply left behind. So what do we do if we indeed missed the train!!! Are there any stations along the way where we can get on this BULL train? How far do we expect this rally to continue!
Based on below chart, two things are very clear:
- Nifty well above MA(100)
- MA(100) well above MA(200)
Daily Nifty chart remains strongly in bullish territory.
Weekly Nifty chart suggest that market is entering into its 1st phase of massive BULL run which will unfold in next 2-3 years. Based on what? if you haven't read this yet then take a look at this, hope it provides further understanding.
Just cause market is entering massive BULL phase does not mean that we will not get any breaks or jerks along the way. We shall see sudden flash crashes along the way but those will prove to be the best buying opportunities. If you missed the BULL train then wait for such a flash crash for low risk entry. DO NOT torture yourself by missing the train and looking at market going higher everyday/ week as when that flash crash will occur, it will wipe out some gains very quickly. Patience is needed and discipline is required to be a successful trader/ investor. For best opportunities check out Stock with in 15% of 52w High and consolidating, these candidates will provide awesome opportunities. Of-course do not forget risk management and position sizing.
Market is in strong BULL phase, enjoy the ride....
Market is in strong BULL phase, enjoy the ride....