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What would you suggest new entry or wait for retractment??

As of 26th June Nepse closes @2129.42 [O: 2124.01 H: 2154.86 L: 2120.42 C: 2129.42 +11.69 (+0.55%)].

I think there will be small correction from mid of Asar.

From my POV: New entry should not be taken. This is the point where new comer take entry and other เคธเคพเค‰เค take profit and exit.

“Do not let FOMO control you; the market will offer opportunities for buying”

Give your view regarding this!!!


View on r/NepalStock by sapiens_dot_exe


5 COMMENTS

  1. As Ashad is end of fiscal year, Government is spending money excessively. This is flooding bank with too much cash. Even NRB is pulling money due to excessive liquidity. Also, remittance inflow is doing very well as dollar and migrant workers are increasing. In future we can expect interest rate to drop as monetary policy is expected to be flexible this year.

    Most of the sign are positive for market uptrend but I am still skeptic this condition will be maintained in comming months. Short term trade seems to be perfect for now and wait for Q4 report for selecting good dividend companies.

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