Market continues to remain in the bullish channel and no signs of danger for now. Is this the right time to get in?
Not much has changed in below chart, by now readers of this blog should be able to spot this themselves else read past blog posts.
Bullish Channel is intact and market is moving from one end to other.
Nothing changed in below weekly chart as well.
Market is currently close to upper end of the Channel which suggest that it is NOT a low risk entry. Market can potentially drift down towards lower end of Channel or simply continue moving sideways until the lower end of the Channel catches up.
What does it mean for our Investments?
Market remains Bullish, enjoy the gains....
What does it mean for our Investments?
- Mutual Funds - If already invested in equities then stay put and enjoy the bullish gains. If in cash/FDs/liquid funds then wait for next low risk opportunity.
- Stocks - ONLY invest in strong patterns with good earnings guidance and DO NOT forget to have STOP LIMIT on open positions. Check out our trade size calculator to manage your risk along with potential buy candidates watch list.
Market remains Bullish, enjoy the gains....