When
stocks are in Long term Bull market: every decline turns out to be
excellent buying Opportunity and no high seems good enough for the
stock. Lets take example of ITC
It has been 4 years now and stock has not corrected even once below 50 week ma on weekly basis. That’s how strong the trend has been in the stock. Every decline to 50 week ma has been used by Bulls to accumulate the stock and strategy has worked pretty consistently.
When stocks are in strong Long term Bull market: the only strategy that works: Keep riding till the vehicle throws you out. So, keep a close eye when next time stock declines to 50 week ma. Remember Trends persists much longer than one can imagine.
It has been 4 years now and stock has not corrected even once below 50 week ma on weekly basis. That’s how strong the trend has been in the stock. Every decline to 50 week ma has been used by Bulls to accumulate the stock and strategy has worked pretty consistently.
When stocks are in strong Long term Bull market: the only strategy that works: Keep riding till the vehicle throws you out. So, keep a close eye when next time stock declines to 50 week ma. Remember Trends persists much longer than one can imagine.
