hisah wrote:Wondergirl wrote:Aguytrying wrote:Looks like the rally is over, im seeing some pull backs on saf, eabl. eqty(yesterday). Or is it the calm before the storm?
profit taking at play....
NSE plus the above counters are overbought after rallying for a while. A breather is a healthy break for now. Blue chip stocks cannot rise indefinately everyday.
Now there is profit taking that will make choice stocks to loose. This is a normal cycle.
This may take a few days.
When stocks rebound for those with favorable results in Q3, expect new highs.
This is the normal pattern.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .