The crash in Nifty can now take it towards 7000-6100
Comment:
Sorry for the typo. Its 6300 and NOT 6100
Comment:
Entire countries are shutting down en masse, and people are hesitant to call it a “recession?”
The only possible explanation is that it is the most violent recession we’ve ever seen, and people are too stunned to realize it.
- twitter.com/Wealth_Theory
The only possible explanation is that it is the most violent recession we’ve ever seen, and people are too stunned to realize it.
- twitter.com/Wealth_Theory
Comment:
This monthly chart anlsysis is in congruence with my weekly chart analysis with a parallel channel.
Comment:
The pirchfork shared in the above analysis is a "modified Schiff" pitchfork. Hence the angle of median is slightly more bullish.
Here is another possibility with "Schiff" pitchfork which shows a bigger downside in the range of 4000-4600
Here is another possibility with "Schiff" pitchfork which shows a bigger downside in the range of 4000-4600