Budget 2023 is published. Market is saturated. We all have questions will market go uptrend or downtrend? Should we buy stocks or not? Is there any chance, that NIFTY will go up ? All questions will be finely described in this article. This article is all about market analysis on budget 2023.
Are you facing loss in stock market in recent times? or facing issues with your stocks? Most of the beginner investors of stock market or even experienced investors face loss in stock market. In Most of the cases is due to lack of knowledge about sector analysis in stock market and after losing stocks you might feeling little less motivated or want to quit the stock market. So, before making any decision let me tell you about my story. You might change your mind.
The person who gains from their slip-ups will win the market certainly however the person who doesn’t comprehend the mix-ups won’t gain from his encounters. I started to invest in stock market and gradually I started to trade. The investment ended by making huge losses. I lost around 5 lakhs rupees. When I started to learn about the mistake, I realized that I have not searched anything about the company and made the decision based on my friend saying. I contributed beyond what I could bear to lose. The worst part that I had no strategy to analyze sector before investing on the stocks.
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As we all know budget 2023 has great impact on market. If you are trader or value investor, you are thinking about what should I do? I will analyze market on budget 2023 and you will get your answer definitely.
Market Analysis on Budget 2023:
First we will see the latest graph on Nifty after budget 2023. Then I will analyze all the points and will see when we should buy stocks.
Let’s see the market graph after budget 2023:
From the above graph we can see the last red candle. As per the red candle, we can analyze it has spinning top with high volume. From that, you can ask how to define spinning top? The answer is very simple, see the red candle. It has small body but big shadow. It’s a symbol of spinning top.
Market already makes bottom. As per my suggestion, market will move to uptrend. As per graph, we have two lines, L1 and L2. We can see the value of L1 is 17970.08 and the value of L2 is 17346.64.
If it breaks L2, market will go to downtrend. We need not to buy stocks. But if it breaks L1, market will move to uptrend. We should buy stocks.
But now it’s a time to wait and watch where we can only check the move.
This all about my market analysis on budget 2023 based on spinning top strategy. You can read my past article on IT sector analysis where I mention top 3 IT stocks you should buy in 2023. If you invest on Adani’s Share then you can totally read on Adani’s share analysis and know the real facts about Adani’s stocks. If you don’t know about budget 2023, you can read here.
Remember one thing knowledge will not be a power, if you will not implement it. For that reason you should implement your knowledge by investing practically. Implement the right knowledge that you learn today. Make your ROI double and enjoy the investing properly.
Frequently Asked Question:
Q) What does the Union Budget 2023 mean for India?
- The outlook certainly looks positive for the India growth story and the provisions of the Union Budget 2023 will go a long way towards strengthening our digital and technology space, supporting job growth and entrepreneurship, and bringing us closer to that $7 trillion goal.
Q) Is Union Budget 2023-24 a silent strike on the poor?
- New Delhi, Feb 6 (PTI) Former Congress president Sonia Gandhi on Monday said Union Budget 2023-24 is a “silent strike” on the poor by the Modi government and hits at the heart of all far-reaching rights-based legislation enacted during the UPA rule.
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