Since this February we are in uptrend and almost every stock is running upside with a rocket speed. So we all know that we are in Bull market, but no one stock run continuously every day or week or month in same direction and must corrects.
The above chart is of Adaniports which is also in an uptrend since February and gain almost 70% in last 5 months. But it does not run continuously and corrects every time after a consecutive rally. The first dip came on 23rd April and ends on 5th of May, where the stock corrects almost 8%, and then resumes its uptrend again. The second dip came on 21st May and ends at 29th May and stock corrects almost 11%.
Generally, these dips are the perfect opportunity to join the rally when we clearly know that trend is up and should forget to short sell in a bull market. Adaniports is still running up, trading at its 52-week high and breakout again from its previous resistance on Wednesday.