5940 supported, 6030 resisted & broken through.
Weekly Analysis:
Weekly & Daily Down. Breaking past last support 5940 will confirm arrest of larger up-trend & set a mid-term Down trend. In that case mid-term VPO targets 5385. 5800 might come up as next support level for this fall.
Dear Rajib,
ReplyDeleteCan you give two to three stocks idea for 3 to 5yeaes perspective.
As if people want to invest in stock market for longterm buying stock and hold for long time is only option. I hope, you ll' take a favorable view of this request.
Regards,
Pinakin
@pinakin,
Delete3-5 years, I really don't think any technical study can give. Only very strong fundamental of the economy / sector / company can give such kind of a long-term perspective. May be following what the best investors (e.g. Rakesh Jhunjhunwala) of India doing.
As per me, the best time to enter a market for long-term when the market has already crashed (e.g. 2008) ... till then keep the cash handy in some bank!
However, if the aim is to garner about 20-25% return in mid-term, technical study can definitely help.
Regards,
Rajib