HISTORICAL BEARISH CYCLE APPROACHING NEARBY
MIDNIGHT OBSERVATION TO WATCH CLOSELY👀:-
The above chart indicates When the monthly RSI (Relative Strength Index) of the NIFTY50 reaches 80, it typically signals that the index is overbought and may be due for a correction. Historical data supports this: in 2007, 2015, and 2021, the NIFTY50 experienced significant corrections of 63.53%, 24.30%, and 18.50%, respectively after hitting such levels.
Given this context, market participants should be cautious as NIFTY50 approaches the “80 RSI mark again”. A 10-15% correction is considered normal and healthy for the market, providing opportunities for investors to accumulate high-quality stocks at lower prices. It's important not to panic during these corrections but rather to use them as strategic entry points for building a robust, long-term portfolio.
Additionally, the formation of a rising wedge pattern could indicate a potential reversal as shown in ⬆️ chart
HISTORICAL BEARISH CYCLE IS APPROACHING NEARBY SO STAY 🚨⚠️
The above chart indicates When the monthly RSI (Relative Strength Index) of the NIFTY50 reaches 80, it typically signals that the index is overbought and may be due for a correction. Historical data supports this: in 2007, 2015, and 2021, the NIFTY50 experienced significant corrections of 63.53%, 24.30%, and 18.50%, respectively after hitting such levels.
Given this context, market participants should be cautious as NIFTY50 approaches the “80 RSI mark again”. A 10-15% correction is considered normal and healthy for the market, providing opportunities for investors to accumulate high-quality stocks at lower prices. It's important not to panic during these corrections but rather to use them as strategic entry points for building a robust, long-term portfolio.
Additionally, the formation of a rising wedge pattern could indicate a potential reversal as shown in ⬆️ chart
HISTORICAL BEARISH CYCLE IS APPROACHING NEARBY SO STAY 🚨⚠️
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.