Hi Hitesh,
If one has to go by the queries put to you, it looks like the Volumes have dried up :).
Quick Question.
In the past, I have seen that after a correction, while the market tries to recover, it rolls back down often (but not necessarily) Close to the ATH/at ATH/few% abv ATH. The observation has been approx 10%; also, it never crossed the absolute low made before.
However, a recent Tweet by MarkMinervine said that although an absolute Bottom might have happened, while the market tries to recover, there could be another correction, which could be swift like a whiplash.
My question to you is, how do you play such scenarios? If we sit out, we can miss the rally, if we play it & set smaller SL we can be shakenout.
Aside, apart from the obvious sectors that are showing strength like Financias (especially Housing), Agriculture (Agrochem/Seeds/Tractors), Textiles & Hospitals. I can see PEB (pre Engineered Buildings) stocks setting up.
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Pennar Industries
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InterArch
If you could share you thoughts, that would be of great help.