NIFTY 50, WAVES AND MOVEMENT!!
FIRST, nifty used to give about 12-14%, but after the corona's bull run, nifty will give about 15-16% returns. (i have drawn the major black trend line to support my point).
2. i have drawn the corrected consolidating part for the nifty, after its corona's bull run(5 waves).
3. have a good look at MA 100(blue colour), it has touched it on 20th June and did not broke it.
ADDING ON, since the consolidated waves have been completed, after it touched the MA 100, it gave a bull run and went to the top of major nifty 50's trend line. this proves that INDIA is not in a recession.
4. look at the red trend i have drawn, nifty has broken it already two times, and this week it almost broke it the 3rd time, so breaking the LOWER HIGHS, concluding again that INDIA is not in a recession.
5. i have just drawn an extended part of MA100, for view, have a look about the US MAKRETS RECESSION AND INDIA NOT IN A RECESSION, AND EVEN BASED ON THE TREND LINE.
6, what does the arcs tell me:
US is mostly gonna have a recession, if they are having a cough, all will catch a cold. US MARKETS, could fall about 10%, and most likely INDIAN MARKETS will fall around 5-7%. but yes, after that there would be a new beginning, and i have drawn a path of it ina orange colour.
ARCS tell that there would be a H&S PATTERN occurring, defining that US too would have a crash around that time(around 25th oct- 14th nov).
the fresh start will begin from (around 14th- 12th dec).
one more possibility of this could be, that nifty could once again touch the MA100 at the time of US having correction, and then a fresh starts begin.
i conclude my analysis by saying, I BET ON INDIA TO BE BULLISH!!
SEE YOU IN MY NEXT ANALYSIS!!
(DO CHECKOUT THE LINKS SECTION)
2. i have drawn the corrected consolidating part for the nifty, after its corona's bull run(5 waves).
3. have a good look at MA 100(blue colour), it has touched it on 20th June and did not broke it.
ADDING ON, since the consolidated waves have been completed, after it touched the MA 100, it gave a bull run and went to the top of major nifty 50's trend line. this proves that INDIA is not in a recession.
4. look at the red trend i have drawn, nifty has broken it already two times, and this week it almost broke it the 3rd time, so breaking the LOWER HIGHS, concluding again that INDIA is not in a recession.
5. i have just drawn an extended part of MA100, for view, have a look about the US MAKRETS RECESSION AND INDIA NOT IN A RECESSION, AND EVEN BASED ON THE TREND LINE.
6, what does the arcs tell me:
US is mostly gonna have a recession, if they are having a cough, all will catch a cold. US MARKETS, could fall about 10%, and most likely INDIAN MARKETS will fall around 5-7%. but yes, after that there would be a new beginning, and i have drawn a path of it ina orange colour.
ARCS tell that there would be a H&S PATTERN occurring, defining that US too would have a crash around that time(around 25th oct- 14th nov).
the fresh start will begin from (around 14th- 12th dec).
one more possibility of this could be, that nifty could once again touch the MA100 at the time of US having correction, and then a fresh starts begin.
i conclude my analysis by saying, I BET ON INDIA TO BE BULLISH!!
SEE YOU IN MY NEXT ANALYSIS!!
(DO CHECKOUT THE LINKS SECTION)
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