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 🚨⚠️