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Sri Lanka Equity Forum » Stock Market News » GOOD NEWS. March decline and April Rising in CSE from 2013

GOOD NEWS. March decline and April Rising in CSE from 2013

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Learner19


Senior Equity Analytic
Senior Equity Analytic
When I was analyzing the ASI movement in the last few years I noticed a pattern from 2013 onward.

2013 

January 02  -  5683
March   05  -  5626
April     30  -  5953

2014

January 02  -  5968
March   14  -  5896
April     30  -  6223

2015

January 02  -  7348
March   30  -  6782
April     30  -  7179

2016

January 04  -  6867
March   09  -  5862
April     30  -  6516

2017

January 02  -  6192
March   08  -  6095
April     30  -  ????

In each year the ASI has started high from the beginning of January and come to a low in somewhere in March. Then it has moved high in April each year reversing the decline. This can easily be explained using charts but I couldn't upload them.

This year also the same is happening imo. ASI started at 6192 and come down to 6095 so far on 08.03.2017. It might go down further or move around in this month.

My feeling is market will move upwards in April. Its not going to move continuously but may be in April and May and then might come down.

I am not a technical expert but an observation only.

Experts please share your thoughts.



Last edited by Learner19 on Wed Mar 08, 2017 10:22 pm; edited 1 time in total (Reason for editing : spelling)

Thushara Ayya

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Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
In March 17, 2016 I have post a similar topic "Get ready for April rise..." 2016 
http://forum.srilankaequity.com/t49847-get-ready-for-april-rise

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