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How I Use Technical Analysis of Nifty for Longer Term Investing

Discussion in 'Technical Analysis' started by moin000, Mar 29, 2021.

  1. moin000

    moin000 Member

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    hi shabbirji.i happened to read today an article titled
    How I Use Technical Analysis of Nifty for Longer Term Investing by you dated july 13/2013 when nifty was hovering around 6500 level.At present nifty level what are your thoughts on the subject.
     
    moin000, Mar 29, 2021
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  2. shabbir

    shabbir Administrator Staff Member

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    That is the process I tried to explain where you find the support and resistance levels in the indices and then use that to invest in great companies.

    I still do the same and follow the same process.

    Peter Lynch said that every two years market corrects to 10% and 25% or more every 6 years. So you have to remember that and respect the market and invest in the right stocks using the technical analysis of Nifty.

    You may know I have started to accumulate and it is based on the same philosophy. Market is correcting but the great companies are at best sideways consolidation.
     
    shabbir, Mar 30, 2021
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