Market again near NEW HIGH, this has been the theme for past eight months. Enjoy the rally till it lasts, however make sure you do not enter market at wrong time. What to expect in coming weeks?
Nothing has changed in below chart.
Market at upper end of the Channel but look at the last RED bar. It is highly likely that market would start its journey to other end of the Channel.
Market is moving from one end of Channel to other and vice verse.
Based on the chart, it appears like market will continue to remain in the Channel. Now that market has touched upper end of the Channel, it will start moving down towards other end. As long as, market continues to remain in the Channel, bull market remains strong.
What does it mean for our Investments?
Market remains in strong BULL run...
What does it mean for our Investments?
- Mutual Funds - Enjoy the BULL ride and stay invested, also continue SIP. If in cash/liquid funds/FDs then wait for the right opportunity and have patience.
- Stocks - ONLY invest in strong patterns and DO NOT forget to have STOP LIMIT on open positions. Check out our watch list for potential BUY candidates along with trade size calculator to manage your risk per trade.
Market remains in strong BULL run...