Stock market forecast tomorrow, April 13 / Market negatives are not a cause for concern

According to Tejarat News, the stock exchange experienced a growth of more than five thousand units today and finally reached the level of one million and 477 thousand units.
Amir Topchipour, a capital market expert, told Tejarat News: “Since the beginning of this week, we have witnessed a change in the cash flow from large and index-based stocks to small and single-share stocks.” Today, the popularity of shares of cement, construction, power plants and ceramic tiles increased.
He explains about forecasting tomorrow’s trades: It is predicted that we will have balanced downward trades tomorrow. But the market as a whole, especially the big symbols, is still under pressure to sell. Growing stocks need to get better and better in order to continue the uptrend.
“Recently we have seen the growth of indices, without any correction, and this is dangerous,” said the capital market expert. The market needs time and price correction to go through a continuous positive trend so that the symbols become available and new shareholders enter the market.
Topchipour continues: The current negatives of the market are natural and there is nothing to worry about. If stocks grow and correct for a few days, we can see a new trend in the market. For this reason, it is suggested that shareholders avoid buying stocks that have grown. Wait for better opportunities to enter, and if they are buying, buy from low-risk stocks.
This capital market expert describes the beginning of the upward trend of the stock exchange during the last two months and says: The Tehran Stock Exchange started a growing trend in February of last year with the formation of the legal trading room. With the end of the year approaching and the release of positive news, this trend continued.
Which stocks are prone to growth?
He continues: “Automotive and banking groups faced a growth in demand with the release of good news.” With the increase in world oil prices, the demand in the refining group also reached its peak and we witnessed a growth in the price of these symbols. Groups such as food, medicine, etc. also experienced growth under the influence of the removal of the 4,200 Toman currency, and thus the stock market had happy days.
Criticizing the heavy supply of banking law, the capital market expert notes: The banking group was accompanied by good news twice in the new year with the good news of the increase in the exchange rate of banks and the block supply of bank shares.
Topchipour adds: In both cases, the cascading legal offers of Bank Saderat, Mellat and Tejarat responded to the buyers’ demands. Shopping lines were offered, but this amount of supply in these symbols was not a positive thing, and today I saw that despite the popularity of these symbols yesterday, they were traded in negative ranges.
Finally, he says: “In the automotive group, we witnessed the movement of the leader, and Khogstar entered the correction phase after a 50% growth, and Khobehman started a growing trend.” The symbols of the group continue their path regardless of the condition of the car and the damage, which is a positive event in the whole market.