NIFTY Testing its Breakout

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NIFTY has been range bound for quite some now. Well, this is not a new news for all of us. We know the market is flat. Recently it has made its attempt to make a new high and now its trying to maintain that gain.

The fact remains that this market can break out in either direction. It could just try running higher or could start correcting taking support of earning news. The market makers need something to keep going. But one thing I am pretty sure is that this all is going you make us lot rich or richer eventually. If this market corrects 30% or more that should be most welcome situation for all of us.

But the caution is not to keep just waiting for that kind of correction. Reason is simple. If the market starts breaking upside then everybody will be caught off guard and just watching. If the markets breaks out it will rally lot higher than we can even imagine. It has built almost 6 months strong base in the range of 4700 to 5200. This base will be the foundation of new rally. So keep alert and be ready with your watch list.

Market just made new high. That's something, isn't it?

Please add following stocks to your watch list

Crew Bos is starting a major new uptrend. The ride will be shaky. Do not sell at any point. Accumulation is your best friend in this stock.

Easun Reyrolle is starting a new major uptrend. Keep accumulating slowly. Panic buying has just taken place so wait for few days and start putting you orders. May be 10 shares at a time with a target of 100 shares. Do it in 5-10 trades.

GSFC - excellent chart pattern. It is just now at its higher end of price. Accumulate as you get lower prices.

Gujarat Mineral - Very strong uptrend. Panic buying is taking place. Will cool down sometime then you could start building your positions.

Recently I learned on more thing about market is that it goes through Panic Buying and Panic Selling stage. After these days the trend usually changes from up to down or from down to up. It is risky to buy when panic buying is going on. Panic buying is when everybody is jumping in with the assumptions that they will miss out these shares. Similarly panic selling is when everybody is selling with the assumptions that the stock is worthless. Both these conditions market end of the trend.

Thanks
Anil
Got a Question? mailto:indiastocktrend@gmail.com


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Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.