Stocks You Should Avoid in a Bullish Trending Market
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When looking for value buys in fundamentally strong companies, it's often smart to purchase at lower levels, even when a stock is trading near its 52-week low. However, when it comes to trading in a bullish market, the strategy must shift.
In a market where the benchmark index is reaching all-time highs, you MUST avoid stocks that are trading at 52-week lows. These stocks often lack the momentum to benefit from the broader market trend and could potentially underperform.
How can you find these stocks?
It's simple. Open the Zone Mobile App, navigate to the Scanner Page, and select Breakout Scanners 》 At 52-Week Low.
As a trader, your focus should be on stocks that are in momentum and either in sync with or outperforming the benchmark index. This approach will align your trades with the market's bullish momentum, increasing the likelihood of profitable opportunities.
What is your STRATEGY?
Do comment below. -
Well I am mostly a contrarion investor. If I like a company with decent fundamentals and for some reason it's available near it's support levels as marked on chart by me then I start to build a position and accumulate. Have a look at the fund action from radar . Typically a nifty 500 co.
