Bull run
Last few days, we are witnessing amazing bull run, still market looking good technically. It this pace it may catch 20000 soon.
But I would like to mention some events which can trigger sharp downside like US slowdown, political instability, any negative surprises in earnings. If you are sitting over good amount of profit, book at least partially.
Market repeats its history again & again and it will. Its a game of balancing greed & fear. Book profit regularly.
2 comments:
SIR,IS RNRL A GOOD BUY RIGHT NOW?AS THE WHOLE RELIANCE CONGLOMERATE IS DOING VERY GOOD.WILL WAITING BE LIKE LOSING the OPPORTUNITY COST?PLZZ SUGGEST AND IS IT A GOOD BUY AT THE CURRENT MARKET PRICE OR BUY IT AT A LOWER PRICE OR A LITTLE HIGHER ABOVE THE CURRENT MAKET PRICE?
Stock is having resistace at the level of 100 & strong support at 75, so if it comes down near to 80, buy it. In last few trading sessions, volume is decreasing, so if you buy at this level and in case of correction in the market, you may get trapped, but this stock is good for the long term, nothing to worry.
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