Frankly people are confused about momentum investing with Technical analysis based investing.
Momentum Investing has nothing to do with Technical analysis, neither with fundamental analysis.
Momentum is just based on increasing trend in price…follow till it moves up and quit once price chnages direction. Its that simple. Just follow price…no fundamnetal, no technicals. Now if you want to complicate things, then offcourse you can blend everything together, then fundamental can come, then tehcnical can come, then chart patterns can come, then stage analysis can come then waves can come…Everthing will make it a khichadi and nothing is wrong with eating khichadi, but then its not Momentum investing.
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