Caution:
Just posting it as we felt that it is our duty to make our readers aware of our current position wrt markets.
We anlaysed several charts on this weeked .
Seems that we have completed one leg of upmove in mid/small caps , that started in March .
Need to be cautious for next 3-6 weeks if someone is making fresh positions.
It is not that nothing would go up …but the probability of upmoves has become lesser.
If in March to August - 8 out of 10 set-ups were working, in next few weeks this might be opposite.
We might see certain climax moves ( Tops being formed for a reasonable period) in certain stocks.
Overall we remain in a bull market but currently we might go through a price as well as time correction in the on-going rally.
In this kind of market,we take fewer bets even if the set-ups fits all our criteria and we tend to decrease the size of the postions
Subscribe To Our Free Newsletter |