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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » SL market is gaining it's momentum despite all threats

SL market is gaining it's momentum despite all threats

2 posters

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madukp


Expert
Expert



While back I have posted my gut feelings before CSE start reaching to its recent high 7644 on April, 2021. Today CSE broke that ad went up to 7659.
Now it's high time to check whether 7600 to be solid support. Previous time it was too rush to gain the phase, but this time we have seen gradual increments and appreciation of solid counters and less insane rallies except for one or two counters. That's a good point. Given the fact that most of the industries are doing well despite the COVID, GSP+, etc. there is no reason for the market to fall down again. Saying that it is crucial timely profit takings and intervals in between. I believe the market correction is beautifully done and it's heading towards 8000 this time. The picture shows the way I see it, the market is in line with the yellow line. If there aren't any disasters, the market will head towards 8000 without any problem.

judecroos likes this post

madukp


Expert
Expert

Guys, anyone can remember this when I post almost 08 Months back, back on 2021 June, prior to the recent rally, today I have to mention a similar post. The market may go down further, but this is so artificial and maybe tend to bounce back sooner than later. The next support level is 10,274. If it is breached, still market will be a bounce-back faster. Invest in the downturn. get the benefit when others start to buy in the rallies. Good Luck!


https://servimg.com/view/20300809/24

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

You correct

Main problem we can't allocate money to stock market

 NO SOUND ECONOMY ALSO NOT ONLY ECONOMY GOVT ECONOMISTS ALSO NOT SOUND

glad and madukp like this post

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