Hello friends,
As requested I have just charted the history of the nifty 50. As titled this is a bargain buy which is the same with many of the indices. However, there is a possibility that even though all looks good, we could be going lower because of the fact of the unemployment rate. People are cashing in to stay afloat and many businesses are closing their doors due to the Covid-19 mandates.
My opinion is to go for the long but be aware of keeping a close stop but not so close that the market makers stop you out. This is really a time for market makers in seeking to make gains in all longs and shorts. There is certainly much to gain in stop-loss hunts. There will be whip-saws and fake-outs along the way. It would be best to accumulate in small investments at a time and in this way you're playing safe. When and if all settles down globally; regarding the Covid-19. It will be business as usual.
Trade Safe
Cheers!
As requested I have just charted the history of the nifty 50. As titled this is a bargain buy which is the same with many of the indices. However, there is a possibility that even though all looks good, we could be going lower because of the fact of the unemployment rate. People are cashing in to stay afloat and many businesses are closing their doors due to the Covid-19 mandates.
My opinion is to go for the long but be aware of keeping a close stop but not so close that the market makers stop you out. This is really a time for market makers in seeking to make gains in all longs and shorts. There is certainly much to gain in stop-loss hunts. There will be whip-saws and fake-outs along the way. It would be best to accumulate in small investments at a time and in this way you're playing safe. When and if all settles down globally; regarding the Covid-19. It will be business as usual.
Trade Safe
Cheers!
Comment:
I hope whoever it was that requested this chart is now in profit.
