Markets undergo phases and are cyclical. Although there are ups and downs in the market cycle, having an in-depth understanding of these phases facilitates the trading behaviour and improves the trader's morale. Secondly, the awareness of market phases reflects the inherent risk involved in the process. Moreover, having a systematic approach towards these phases helps one be profitable, in the long run.
The various phases of market cycles are:
Accumulation phase
This phase indicates consolidation or sideways movement. During this period, the price hovers around a certain range, depicting that buyers are accumulating the stock. This is also referred to

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