Long Cycles here indicate Sensex downtrend will continue till April 2019. As you can see 2 long cycles of roughly 270 bars each indicated by bid arrows. The intermediate smaller cycles which constitute the longer cycle are 165 bars and 105 bars approx. They are reversed in case of second long cycle. Since current level is fibonnaci support it will be good trade...
India became an independent country in 1947 and had a Grand Supercycle Wave I into the 60’s. Grand Supercycle Wave II finished up the 70’s, and this chart shows the completion of Grand Supercycle Wave III.
The price action is reflective of the massive fiat credit creation in the Indian economy, hence the equity bubble. A true democracy, India is in the...
SENSEX INDEX India
This is another index that looks like it's topping out for the summer.
The great bull campaign from the 2009 low at 8075 to a high at
36370 over 9 years is in its final stages. Echoes of the Dax here.
A break below 34291 will trigger a short opportunity here back to
32516 where it should attempt to bounce - but it won't get far
The chart of Sensex index in terms of gold.
It don't give a long history, only 11 years.
I ran this chart to answer a specific question;
Will a nuclear war happen?
At least, will India participate in such thing?
A country with booming market reflect a very positive social mood will not engage in a war.
I don't have long enough historic data to get the big...