Thread by @dmdsplyinvestor

Why is Nifty not able to break down? Look at the charts and the yellow parallel line. This range has been very important since the last 10 years... The yellow range breakdown can trigger a bear market and the red line breakdown even worse.. RT and share this learning..

Nifty hourly charts! Until this upward sloping line holds, we should hit all-time highs soon.. If the line gives away, expecting at least 50% retracement... @nifty #hourlycharts #trading #trendlines

Nifty Monthly chart update - This is the chart of Nifty in the last 15 years and I don't see a bear market in Nifty until and unless Nifty breaks below the red line, though we already had a bad small-cap and mid-cap bear market already ;)

Nifty - parallel orange chart in expanded mode. We are at an important support zone, which if not respected can lead to another 600-700 point fall to 10900-950 levels. Watch the price action above and below the red line to understand. #Nifty #trendlines #trading

But a major bear market will trigger only when the upward sloping thick red line breaks, which will take a monumental selling effort. Again, see the price action behaviour in the chart to learn price action. #Nifty #trading #trendlines #Monthlycharts