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It is still registering strong bullish move on the trend line as each correction helps it to propel upwards further.
Thus far, it has closed 3 gaps with the last one at around 11,500 to be closed . Ensure your Stop loss is in place and always use appropriate position size to trade/invest. Do not let the fear of missing out gets you into a larger than usual position than you can stomach the risks.
There are always many more trees (opportunities) in the jungle if you bother to look around. Don't panic, no need to compare with others' performance and most important, stay safe and calm.
Legendary investor Charlie Munger from Berkshire Hathaway sums it up best, “the big money isn't in the buying and selling… It's in the waiting.”
Thus far, it has closed 3 gaps with the last one at around 11,500 to be closed . Ensure your Stop loss is in place and always use appropriate position size to trade/invest. Do not let the fear of missing out gets you into a larger than usual position than you can stomach the risks.
There are always many more trees (opportunities) in the jungle if you bother to look around. Don't panic, no need to compare with others' performance and most important, stay safe and calm.
Legendary investor Charlie Munger from Berkshire Hathaway sums it up best, “the big money isn't in the buying and selling… It's in the waiting.”
Comment:
Praise Lord, it is moving slowly but surely
Comment:
last gap is filled up.
Comment:
11,641 is a good level to short
Comment:
Like many stocks and global indices, if you have not bought after the March selldown , say between Apr or May period, it may be a little too late to go chasing after the high prices. Looking at Nifty50, we can see that it is near to the previous high at 12,242. At current price of 11, 930, anyone attempting to go long needs to know the risk reward involved.