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All #Sensex #BearMarkets in #OneChart
Most of us have never seen a market crash like this earlier. But it doesn’t mean markets haven’t fallen like this ever before. Take a look at all the bear markets and you will get my point.
#coronacrash #markets #bandkarobazaar
Most of us have never seen a market crash like this earlier. But it doesn’t mean markets haven’t fallen like this ever before. Take a look at all the bear markets and you will get my point.
#coronacrash #markets #bandkarobazaar
1. The 1992 crash was the first one for Indian stock markets. It took just 36 sessions for the Sensex to fall by 40% from all-time highs.
2. The bear market after the Dotcom bubble burst in 2000 was the longest. Sensex dropped 56% from all-time high and took 405 sessions or 19 months to bottom out.
Nifty still not out of the woods for long positions - stay cautious #Nifty #trendlines #trading #coronacrash
Zooming in on to the 1 min charts for the day! This is what is going on! Tired bulls trying hard to not fall!
Higher levels coming in Nifty! As I mentioned this will be only a short term bounce in my opinion.
A thread - Nifty and the sectoral Indices in India:
Nifty - A possible short term pullback from the trendline here. Nifty price is around the 38.2 fib level and trendline support. Probably a gap down and pullback tomorrow. 1/n
Nifty - A possible short term pullback from the trendline here. Nifty price is around the 38.2 fib level and trendline support. Probably a gap down and pullback tomorrow. 1/n
Nifty Auto - I see a short term pullback here too. Reasons being the price is now right at the downward sloping trendline and the price has retraced 61.8 fib levels of the entire rally from 2008 lows #CNXAUTO 2/n
Nifty Metal - The price is right at the lows and should show some strong buying, which could lead to some pullback from here. Also, the price is at the downward sloping trendline and the lower line of the pitchfork. This convinces me of a short term pullback. #CNXMETAL 3/n
