A head and shoulder kind of pattern can be seen on the weekly charts of INDIA VIX, suggesting downward trend of INDIA VIX. (OPEN THE CHART FOR DETAILED VIEW)
INDIA VIX is a kind of indicator/index that measures volatility in the markets. Lower/Degrading VIX shows bull run in the markets. Higher/Upgrading VIX suggests bear run in the markets.
According to the weekly charts, a head and shoulder type of pattern can be seen. Head and shoulder pattern suggests downward trend in the market.
This shows that there are high chances of a good bull run in coming weeks. Hence, one can look for buying opportunities.
Remember, flat charts of VIX shows indecisive markets, and flat markets. Hence, one needs to be really stock-specific if there is a flat trend on INDIA VIX charts.
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INDIA VIX is a kind of indicator/index that measures volatility in the markets. Lower/Degrading VIX shows bull run in the markets. Higher/Upgrading VIX suggests bear run in the markets.
According to the weekly charts, a head and shoulder type of pattern can be seen. Head and shoulder pattern suggests downward trend in the market.
This shows that there are high chances of a good bull run in coming weeks. Hence, one can look for buying opportunities.
Remember, flat charts of VIX shows indecisive markets, and flat markets. Hence, one needs to be really stock-specific if there is a flat trend on INDIA VIX charts.
Thanks
FOLLOW IF YOU LIKED THE ANALYSIS. LET ME KNOW IN THE COMMENTS WHAT YOU THINK ABOUT THIS.