The crash in Nifty can now take it towards 7000-6100
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Sorry for the typo. Its 6300 and NOT 6100
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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
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This monthly chart anlsysis is in congruence with my weekly chart analysis with a parallel channel.
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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