Check out the NSE Nifty and BSE Sensex charts on Wealth Discovery every day. Observe the price and volume changes, there may be some selling on a rising day. The key is that volumes may increase on a day as the index closes lower or is range-bound.
Is the market turning upwards?
After a prolonged fall, the market will try to bounce back and try to rally from the low levels. However, you can’t tell on the first or second day if the rally is going to last, so, as Wealth Discovery? Wise investor, you don’t buy on the first or second day of a rally. You can afford to wait for a second confirmation that the market has really turned and a new uptrend or bull market has begun. A follow-through will occur if the market rallies for the second time, showing overwhelming strength by closing higher by one per cent with the volume higher than the day’s volume.
?There are lot of good stocks available at bargain prices. There are ways of finding the stocks, which are currently out of favor.?
Return on Equity:?Start at 20% as the minimum and see who qualifies. The return on equity tells you how much your invested rupee is earning from the company. The higher the number, the better your investment should do.By using just this combination of variables, you can find some interesting stocks. Try to squeeze your search each time you screen by tightening your numbers on each variable. And when you do find a stock, make sure you read all the relevant information from all the stock resources on the Web.
- Strong long-term and short-term earnings growth.
- Impressive sales growth, profit margins and return on equity.
- New products, services or leadership.
- Leading stock in a leading industry group.