Since the overall market is going down quite convincingly, which are some of the best stocks to buy right now?

More at: r/NepalStock by niteshhsetin1999

5 comments
  1. It’s better to do your own research. Go for **fundamentally strong** companies that have retraced at least 38.2% in this downfall. Some have retraced even 60%. Risk in these companies are the least.

    How to find companies that have retraced at least 38.2%, 50%, 61.8% and so on?

    * If LTP < 52wk High minus 38.2% of (52week High minus 52week Low)
    * If LTP < 52wk High minus 50% of (52week High minus 52week Low)
    * If LTP < 52wk High minus 61.8% of (52week High minus 52week Low)

    Or use the Fibonacci retracement tool in any charting platform.

  2. Don’t buy anything right now, Previous bull lasted almost a month. Market ma 2-3 din green signal ma closing vayera positive pattern diyesi entry garda hunxa, Baaki ko bull run sanghai khaulani.

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