Nothing is in the way of this massive BULL rally, market makes yet another HIGH. Pretty much every week for last three weeks, market has managed to make a NEW HIGH. Is this the right time to get in?
Before we get into market analysis, we would like to request a feedback from our readers:
Lets get back to market analysis:
Nothing has changed in below chart and all signs remain bullish, however a flattening McClellan Index line suggest that less number of stocks are advancing compared to number of stocks declining. This in itself does not constitute any danger but just a caution.
- Does information presented in the blog is useful to you?
- How has it helped you to become a better trader/investor?
- Can we make it any better! (we welcome any new ideas or suggestions)
- What additional information would you like us to cover in this site/blog?
Lets get back to market analysis:
Nothing has changed in below chart and all signs remain bullish, however a flattening McClellan Index line suggest that less number of stocks are advancing compared to number of stocks declining. This in itself does not constitute any danger but just a caution.
Nothing to worry about in below daily Nifty chart.
Weekly chart remains healthy as market is well above WMA(10)
Market is NOT showing any signs of slowdown and as mentioned few months back, our market could be in the initial stages of a MEGA BULL market. This does not mean that market will keep going up always, ofcourse we shall get pullbacks and sideways action, hence appropriate entry and exit will matter if you want to make significant gains. Low risk entries are crucial and patience is essential.
What does it mean for our Investments?
Market in strong BULL rally...
What does it mean for our Investments?
- Mutual Funds - If invested in equities then enjoy the gains no need to worry. If in cash/FDs/Liquid Funds then wait for next low risk entry, patience is required. Chasing market can be risky and can prove to be fatal error.
- Stocks - ONLY invest in strong patterns, do not forget to check our watch list along with trade size calculator.
Market in strong BULL rally...