Meaning of - Market is range bound
This query is : Resolved
29 May 2008
I frequently hear analysts say on TV that " Market is rangebound" while talking about share price movement.
Please let me know the meaning of the phrase.
Thanks
Please let me know the meaning of the phrase.
Thanks
Shyam Lal Naik
(Expert)
30 May 2008
It means the market will flactuate within a range. It is neither a bull phase or bear phase.
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